Treasury Single Account: An Assessment of its Compliance in Ghanaian Covered Entities.

Abstract

Treasury Single Account (TSA) is an indispensable tool for consolidating and managing government as well as covered entities cash resources, thereby reducing borrowing costs and improving efficiency in treasury management. In countries or covered entities where the banking system is fragmented, some funds may not be accounted for properly within a reporting period. The study population was covered entities which generate internal funds to support their operations and also receive subventions from the government. The population was stratified into five (5) groups and a quasi-random sampling technique was used to select the sample size. The study used chi-square to test the hypothesis and it was found that covered entities in Ghana do not comply with TSA concept in managing their cash resources.