Exploring on the challenges faced by the Metropolitan, Municipal and District Assembles (MMDA's) in internal revenue mobilization, this study sets on to investigate the revenue sources of the IGF as well as challenges faced by the District Assembly in IGF mobilization while elaborating on the factors that contribute to the high rate of non-compliance of Internally Generated Fund (IGF) that are levies with the La Dadekotopon District Assembly as case under study. The sample was made up of District revenue officials consisting of the budgeting committee, the audit committee, revenue collection team and staff whose work are related to the subject matter. The results indicated that there are other revenue sources that are not being explored by the Assembly. It also identified some of the challenges faced in revenue mobilization to be inadequate logistics, lack of accurate and current data, poor tracking of economic activities and inadequate education on the part of tax payers. To increase revenue mobilization of the Assembly, the study discovered that there should be continuous education of the tax paying public, prosecution of defaulters and training for Revenue collectors.
Contribution/ Originality:This study is one of the very few studies which have investigated the phenomenon of internal revenue mobilization in the local government sector of Ghana.
In this study, we employed the pooled mean group (PMG) regression to examine the effect of natural resources economic rent (coal rent, gas rent, oil rent, forest rent, minerals rent) and foreign direct investment (FDI) on economic growth in West Africa for the period 1996 to 2017. We found strong evidence of a positive relationship between FDI, total natural resources (TNR), total natural gas (TNG), and economic growth in the long-run. However, the study recorded a negative relationship between mineral resources rent, oil rent and gas rent, and economic growth in the long run. The rent from coal also exhibited neutrality on economic growth. While all the short-run coefficients are not statistically significant, the error correction term (ECT) is significant and a negative value of -0.889, signifying cointegration at a 1% significance level. This also implies that the short-run estimates converge towards the long-run estimates to achieve equilibrium at the speed of 89% per annum. Our findings highlight the significance of FDI and total rent from natural resources in stimulating West African economies' growth in the industrialization drive and general welfare. In contrast, this study also highlights the need for policy direction to redesign and realign ownership in the oil and gas sector from multinational co-operations (MNCs) to the locals and the domestic economy to benefit directly from the prevailing environment.
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