The Municipal Coordinating Director, Mr Emmanuel Baisie, told the Ghanaian Times on Tuesday that property rate revenue rose from GH¢3, 504,222 to GH¢12, 355,844 in 2024.
He said the average revenue performance for property rate since 2019 to 2023 was GH¢3, 504,222, adding that the new cashless software system had been able to improve revenue collection on property rate. "Over these five years, our highest for a singular year was in 2022 which was around GH¢5m and if you compare it to the 2024 collected revenue, it over 100 per cent increment performance as a result of the cashless system we started in 2024," Mr Baisie stated.
He said since the creation of the Assembly, it had not recorded such a huge growth, but because of the cashless system "We are doing great." Mr Baisie said there were increases in other revenue lines of the Assembly such as the Internally Generated Fund (IGF).
The Municipal Coordinating Director stated that the IGF of the Assembly increased from GH¢14, 747, 648 in 2023 to GH¢25,398,140 in 2024.
