Browsing by Author "Ogwel, Patrick Bernard"

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    Financial Inclusion and Economic Growth in Uganda: A Case Study of Selected Districts in Western Uganda
    (International Journal of Advances in Scientific Research and Engineering (IJASRE), 2019-10-10) Eton, Marus; Uwonda, Gilbert; Mwosi, Fabian; Barigye, Godfrey; Ogwel, Patrick Bernard
    The study was conducted to examine the role of financial inclusion in economic growth basing on selected districts from western Uganda. The researchers adopted a cross-sectional survey design and both quantitative and qualitative approaches were used in data collection and analysis. The study used simple random and purposive sampling techniques to select a total of 194 respondents. The findings revealed that financial inclusion is significant in supporting economic growth; it upholds equitable distribution of growth benefits, transforms peoples’ way of living, enhances capital creation and empowers people to go for financial services that are germane to their needs. The study indicated that Uganda’s population living below the poverty line is falling, which sounds precise in the context of national income but very unseemly in the context of household income. While there are indicators of reduced constraints to accessing to working capital, reduced constraints to accessing financial services, effective use of economic resources to produce goods and services, those in business do not see the efficacy by government agendas geared to supporting international trade or investment. The study, therefore, recommends that there is a need for the government to review and redesign her policies on international trade business and support for homegrown investments. There is a need for quantitative metrics to ascertain the extent to which household income is proportional to national income. Several papers have recommended government interventions in financial accessibility.
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    Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda
    (International Journal of Research in Engineering, IT and Social Sciences, 2020-03-03) Eton, Marus; Mwosi, Fabian; Kaaya, Siraji; Ogwel, Patrick Bernard; Ahabwe, Edward
    This research adopted a cross-sectional and descriptive design. Data was collected using a self-administered questionnaire from those operating businesses in Mbarara municipality. Data was analyzed using a multivariate analysis technique and presented descriptively using mean, standard deviation, and coefficient of variation. The study revealed that the businesses were weak at aligning their operations with set business procedures, guidelines, and national laws. The study also established that the current level of the internal control system is moderately effective. These are commendable practices, especially in small and medium enterprise businesses. The moderate relationship between internal control systems and working management confirms the likelihood that these businesses conduct regular financial audits and endeavor to maintain reliable financial records. The study recommended that there is a need for businesses to align their operations to national standards and also train their staff in internal control activities that ensure adherence to principles of accounting and financial records. Government has a role to play in protecting nationals against the consumption of goods and services that do not measure to national or international standards