Journal of Governance and Accountability Studies
Vol. 3 No. 1 (2023): January

Treasury Single Account (TSA) and Cost of Governance: Survey of MDAs in Anambra State

Nnamdi Lawrence Okeke (Nnamdi Azikiwe University, Nigeria)
George Ezeala (Nnamdi Azikiwe University, Nigeria)
Nonso John Okoye (Nnamdi Azikiwe University, Nigeria)
Chinedu Francis Egbunike (Nnamdi Azikiwe University, Nigeria)



Article Info

Publish Date
26 Jan 2023

Abstract

Purpose: This study employed a descriptive research design using a cross-sectional methodology, with surveys and field investigations to examine the relationships between study variables. Research Methodology: This study used a descriptive survey design, with primary data collected through structured questionnaires from 100 purposely selected respondents across ten Federal Ministries Departments & Agencies (MDA) in Anambra State. Results: The results show that e-accounting and Treasury Single Account (TSA) have a substantial impact on national spending by curbing leakages, but with little effect on federally generated revenue. Thus, e-accounting and TSA significantly impact the cost of governance. Conclusions: This study concludes that TSA and e-accounting systems significantly reduce financial mismanagement, accelerate public-sector transactions, and require stronger infrastructure, human resource training, and guidance from countries with successful TSA implementation. Limitations: The study relied only on questionnaire responses, which is the perception of public-sector employees in MDAs. Contributions: This study contributes to governance and policy research by identifying the benefits of TSA in reducing the overall cost of governance. Novelty: This study supports stakeholder theory and the public finance management perspective by showing that integrated government accounts improve financial tracking, monitoring, and overall fiscal visibility.

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Journal Info

Abbrev

jgas

Publisher

Subject

Social Sciences

Description

The Journal of Governance and Accountability Studies (JGAS) is an online peer-reviewed, open access scholarly journal, which publishes critical and original analysis from researchers and academic practitioners on various social, political and government issues. JGAS welcomes high-quality manuscripts ...