Revenue collection by the Obuasi Municipal Assembly for year 2015 was poor.
It raked in GHȼ3,755,160.76 out of the targeted figure of GHȼ12,670,378.37 as of the end of September.
Richard Ofori Agyeman Boadi, the Municipal Chief Executive (MCE), who described this as unhealthy, said the non-release of expected funds from the central government was to blame.
Addressing an ordinary meeting of the assembly at Obuasi, he said it received just GHȼ1,880,775.46 out of the anticipated amount of GHȼ9,885,355.61, representing 19 percent.
The financial resource constraint affected the assembly’s spending, as it could spend only GHȼ3,284,057.98, which was 28.8 percent of the budgeted expenditure of GHȼ12,670,378.37 for the year.
The DCE touched on internally-generated funds (IGF) mobilization and said it did not do badly during the period.
Out of the projected figure of GHȼ2,785,022.76, it collected GHȼ1,874,385.47 as of the close of the third quarter.
Mr. Boadi said despite the revenue challenges, it was able to undertake 39 development projects across the municipality and that 23 of these were successfully completed.
Work on 11 projects is steadily progressing while two of the remaining five are being re-packaged to be re-awarded.
He announced that the contract for two of the projects had been terminated with work on one other having stalled.
The MCE spoke of efforts to put roads in the area in good shape and said already a number of them had been rehabilitated.
These include the three kilometer Diawuoso-Ayease, 4.2 km Mamiriwa and 2.2 kilometres Jimiso Junction-Jimisi roads.
He called for effective working partnership among the assembly members, unit committees, chiefs, religious and other opinion leaders to speed up the socio-economic development of the municipality.