Structure of the Local Economy
Farming is the predominant economic activity and employs about 75 percent of the economically active labour force. The Municipality with its vast arable land coupled with limited alternative employment opportunities, forces many to the agricultural sector to produce at subsistence level.
Next after Agriculture is the Service Sector (Salaried Workers) with 17.2 percent followed by Commerce that is selling with 12.4 and Small Scale Industrial activities taking 9.6 percent as shown in the table belowHousehold Income
The average annual household income for the Municipality was estimated at ¢730,178.20 which gives an average monthly income of 121,696.36 for a household size of six persons. The major sources of income are Agriculture and commerce/Services, which implies that Agriculture is a potential in the District’s development. The contribution of Income by the various sectors of the District Economy is indicated in the table below.
From the Survey, Income levels are relatively high as compared to the 1996 Estimates of ¢362,100 average annual household income and the ¢43,624 monthly income.Rural/Urban Income
Urban Income was revealed to be higher than Rural Income. With the exception of Agriculture, Urban Income is almost twice that of the Rural Income. In the Urban areas, Services/Commerce represents the major source of Income, followed by Agriculture and Industry in that order. In the Rural areas, however, Agriculture was the major source of income. The Rural/Urban Income Split by the various sectors is shown in the Table below.Household Expenditure
The Average Annual Household Expenditure for the Muncipality is estimated at ¢4,413,646 which is higher that the Average Annual income. Expenditure on food was found to be the highest for the households surveyed. The expenditure pattern of the Municipality is depicted in the table below.
Municipal Revenue and Expenditure Status
The main objective of the Municipal Assembly is to ensure accelerated development and to improve upon the standard of living for her inhabitants. This noble objective of the Municipal Assembly can be achieved through.
- The promotion and support of productive economic activities
- Formulation and Implementation of integrated development plans, programmes and strategies
- Effectives mobilization and utilization of resources, and
- Improvement and management of the human resources as well as the physical environment
With the assistance of Non-Governmental Organizations, the Assembly has provided safe drinking water and preventive health care in-Afram Plains. The department of feeder roads has assisted in reshaping some of the feeder roads.Finance
In 2005 the Assembly projected to collect ¢9,865,850,000.00 as its total revenue, with Central Government providing ¢8,185,000,000.00 in the form of DACF; HIPC Fund and salary re-imbursements. This leaves an amount of ¢1,684,810,000 to be generated from the Assembly’s own resources. As at 31st December, 2005, a total of ¢7,864,915,137.92 had been collected with ¢1,066,609,214.74 coming from its own resources, out of estimated IGF of ¢1,684,810,000.00 constituting 63.3% of estimated internally generated revenue.
With respect to Expenditure, The Assembly spent ¢1,066,609,000.00 out of ¢ 1,680,850,000.00 estimated to be spent by the end of 31st December, 2005, constituting 63.45% For the 2006 financial year, the Assembly has budgeted for total revenue of ¢11,648,030,000 out of which central government grant of ¢9,900,000,000.00 is expected. This is made up of:
DACF - ¢6,000,000,000.00
Salary re-imbursement - ¢1,900,000,000.00
M.P Common Fund - ¢1,000,000,000.00
HIPC FUND - ¢1,000,000,000.00
An amount of ¢1,784,030,000.00 is therefore to be collected from the Assembly’s own resources Out of the total projected expenditure of ¢11,682,366,000.00; ¢8,090,000,000 is to be spent on capital projects, constituting 69.23%. The Assembly therefore plans to involve the Town/Area Councils and Unit Committees to assist in the revenue collection in their areas to improve on the revenue mobilization situation.
For tables refer to pdf file attached