Question

In: Accounting

(a) What are the types of Public Sector organizations as classified in Article 190 of the...

(a) What are the types of Public Sector organizations as classified in Article 190 of the 1992 constitution of Ghana? (b) Mention and explain five (5) characteristics of such Public Sector Organizations (c ) Give Three (3) reasons for the existence of Public Sector Organizations

Solutions

Expert Solution

(a): Types of Public Sector Organisations:

- Fire System

- License servie

- Civil Court Service

- Police Service

- Internal Revenue Service

- Public corporations other than those set up as commercial venture

- Public sector established by constitution

- Public sector bodies established by the parliamentary

(b): State Ownership: Ownership is in the hand of the state only ( Government)

State Control: Management and functioning is controlled both by the state

Public Accountability: Accountability is in the hands of Public as the are funded by the public funds.

Autonomy: Free from day to day businsess activity as major decisions are taken by the management

Coverage: No disparity in geographicla business basis, cover major of the areas and activities of the state.

(c) - Growth for the economy: Public sector organisation works for the growth of the economy.

- Control the pricing policy within the state: Through Public sector may control the pricing within the state by raising the prices of the product or charging higher prices of the product. this will somewhere private company to cope up with the their pricing policy as a whole.

- Works for Welfare of the state: Not bifurcating on the basis of different geographical area work for the economy as a whole. and builds the development of the state as a whole and its welfare. As the funded by the people of the state.


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