Assessing the Influence of COVID-19 on the Financial Performance of Schools in Ghana: Evidence from Private Schools in Ghana
Ikisiri
This study investigated the impact of the COVID-19 pandemic on the financial performance of private schools in the New Juaben Municipality of Ghana. The study collected primary data from 73 private school establishments within the New Juaben municipality. The study population comprised 588 staff within the municipality. A total of 238 participants were selected using the simple random sampling method and structured questionnaires were administered to the chosen respondents. The study employed a quantitative approach and adopted the explanatory research design. The data gathered were analysed using Smart PLS-SEM 4. The findings indicated that the relationship between COVID-19 and student enrollment is statistically insignificant. However, it is worth noting that the relationship between COVID-19 and Revenue Mobilization and COVID-19 and Operational Costs are statistically significant. The study concluded that private schools faced severe financial challenges during the pandemic, likely due to delayed fee payments, economic difficulties faced by parents, and disruptions in financial flows, and recommends that school owners re-evaluate and strengthen their financial management strategies. This might involve diversifying income streams beyond traditional tuition fees
Upakuaji
Marejeleo
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