ABSTRACTCash management and sustainability is crucial for the long-term survival and effectiveness of all types of NGOs. The challenge is how to achieve such levels of cash management and sustainability. The study sought to examine cash management practices among NGOs in the Sunyani Municipality. The objectives of the study were; …
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ABSTRACTCash management and sustainability is crucial for the long-term survival and effectiveness of all types of NGOs. The challenge is how to achieve such levels of cash management and sustainability. The study sought to examine cash management practices among NGOs in the Sunyani Municipality. The objectives of the study were; to identify cash management practices of NGOs, examine how cash management practices affect the operations of the NGOs, find out the challenges facing NGOs in cash management and suggest measures to enhance cash management practices among the NGOs. Both primary and secondary sources of data were used to gather data for the study. Data was collected for analysis through purposive sampling technique by administering fifty-four (54) questionnaires to finance managers of fifty-four (54) NGOs in the municipality. From the study, it was found that the preparation of cash budget or cash flow forecasts was practised as cash management practice among the NGOs. The study also uncovered that proper cash management practices enabled the NGOs to decide how to generate and spend financial resources. The study further posited lack of cash budgeting, lack of accountability and transparency, and poor record keeping practices, as four critical challenges facing cash management of the NGOs. Some finance officers in the NGOs identified that the use of computers to manage cash was sometimes practised as cash management activity. Therefore, the management of the NGOs should adopt the continuous culture for proper accounting information system and invest in computerized systems (technologies) for their accounting processes.DECLARATIONABSTRACTACKNOWLEDGEMENTSDEDICATIONTABLE OF CONTENTSLIST OF TABLESCHAPTER ONE: INTRODUCTIONBackground of the StudyStatement of the ProblemObjectives of the StudySignificance of the StudyDelimitation.LimitationsDefinitions of TermsOrganization of the studyCHAPTER TWO: LITERATURE REVIEWIntroductionTheoretical FrameworkFinancial Theory to Cash ManagementInventory Theory to Cash ManagementProduction Theory to Cash ManagementWealth Theory to Cash ManagementCash PlanningManaging Cash FlowsControlling the Cash FlowsOptimizing the Cash LevelInvesting Idle CashCash Management Practices of Non-Governmental Organizations (NGOs)Challenges facing NGOs in Cash ManagementCapacity Limitation within OrganizationsAccountability and TransparencyFounder SyndromeInadequate Strategic and Operational PlansLack of Cash BudgetingPoor Cash Management PracticesInadequate Networking SkillsInadequate Awareness on Available OpportunitiesGovernanceMinimal Communication and BrandingMeasures to Enhancing Cash Management Practices in NGOsDefining Financial Governance and ComponentsBudget PreparationBudget Execution and Internal ControlMonitoring and EvaluationNon-Governmental Organizations (NGOs) in Sunyani MunicipalityChapter SummaryCHAPTER THREE: RESEARCH METHODSIntroductionResearch DesignResearch ApproachStudy AreaPopulationSample and Sampling ProceduresData Collection InstrumentData Collection ProceduresData Processing and AnalysisChapter SummaryCHAPTER FOUR: RESULTS AND DISCUSSIONIntroductionBackground Characteristics of RespondentsCash Management Practices of NGOs.Cash Management Practices Affecting Operations of NGOs.Challenges Facing the NGOs in Cash Management.Measures to Enhancing Cash Management Practices among the NGOsDiscussionsCash Management Practices Among the NGOsCash Management Practices Affect the Operations of the NGOsChallenges Faced in the Implementation of Cash Management Practices in the NGOsMeasures Put in Place to Enhance Cash Management Practices of the NGOsCHAPTER FIVE: SUMMARY, CONCLUSIONS AND RECOMMENDATIONSIntroductionSummary of FindingsConclusionsRecommendationsSuggestion for Further ResearchREFERENCESAPPENDIX A
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