Financial management and public sector performance of selected ministries Hargeisa Somaliland
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Date
2015-11
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Humanities and Social Sciences
Abstract
This study established how financial management impact on public sector performance of
selected ministries in Hargiesa, Somaliland. The study was based on these three objectives; 1)
to examine the extent of financial management in Hargaysa Somaliland. ; 2) to determine the
performance of public sector in hargeisa Somaliland.; and 3) to find out whether there
significant relationship between the extent of financial managements and public sector
performance. A descriptive correlational and cross sectional survey design involving both
qualitative and quantitative approaches was employed. Using Slovene's formula, a sample size
of 97 was used to collect data from employees of the selected ministries through purposive and
systematic random sampling techniques. a researcher made questionnaire was used to collect
data, which was analyzed using frequencies and percentages, mean scores and ranks, Pearson's
Linear correlation coefficient and Linear regression analysis. The findings revealed that financial
management was effective in the selected ministries (overall mean= 2.60); performance of the
selected ministries was also found to be high (overall mean 2.85); the relationship between
effectiveness of financial management and public sector performance of the selected ministries
in Hargiesa was also positive and significant average (at r =.0.625; R2 = 0.716; and sig. =
0.000). Basing on the individual items under financial management, this study found out that
effectiveness in data validation; financial analysis and financial making decision and control
have positive and significant relationship with pe1 ~~rmance of the selected ministries. This
finding is demonstrated by the ~ values of 0.912; 0.592, 0.252 and 0.572 at significant values
of 0.000; 0.435; 0.006 and 0.000 respectively at standardized significant value of 0.05.
However, data storage and accuracy did not have any significant relationship with performance
of selected ministries as its significant value computed in 0.435 and this is greater than the
standardized significant value of 0.05, so the null hypothesis was accepted. The researcher
concluded that financial management in the selected ministry in Hargiesa is effective; the
performance of the selected Ministries is high; and that there is a strong, positive and
significant relationship between financial management and the public sector performance of the
selected ministries in Hargiesa. The study recommends that the directors of the selected
ministries should work hand in hand with their finance managers to ensure improvements are
ensured in the areas of data validation financial reporting and information as well as data
storage and accuracy such that improvement in performance of the ministries can be enhanced.
Description
A thesis submitted to the college of higher degrees and research in partial fulfillment of the requirement for the award of the master degree in public administration and management at Kampala International University
Keywords
Financial management, Public sector performance, Somaliland