The amount is the result of the assembly’s qualification for the 2011 Functional Organisational Assessment Tool (FOAT) assessment.
FOAT is an assessment tool used to measure the daily performance of assemblies countrywide.
Out of the amount, GH¢41,990 had been earmarked for capacity building, while GH¢420,940 is for investment.
The Metropolitan Chief Executive for the CCMA, Ms Priscilla Arhin, made this known in her maiden address at the third session of the sixth assembly sitting in Cape Coast.
Ms Arhin indicated that the assembly also qualified to access US$40,000 under the Urban Development Grant (UDG) for fulfilling the FOAT minimum condition of scoring above the national average of the District Development Fund performance measure of 82 per cent.
According to her, the assembly intends using the grant to hire a consultant to develop a database and a software that will track revenue generation activities.
She said in order to deepen decentralisation, the assembly had started the concept of town hall meetings in the metropolis and had so far held meetings in six communities in the southern part of the metropolis.
The MCE said the exercise would be replicated in the northern part this October and entreated all members to actively participate in the programme.
Ms Arhin said the assembly was benefiting from the International Development Agency’s (IDA)’s sustainable rural water and sanitation project supported by the World Bank and had received a Nissan pick-up to monitor the project.
She said the assembly had also taken delivery of waste management equipment to improve waste management in the metropolis.
She further indicated that the assembly was also benefiting from the Ghana-Netherlands water, sanitation and hygiene project which was being piloted at Elmina, and in Ga South and Ga West.
She gave an assurance that work on the Kotokuraba Market would soon start and that the sub-metro would be operational to give meaning to the decentralisation process.
The MCE indicated that currently 14 schools within the metropolitan area were benefiting from the school feeding programme and that there were plans to increase the number of beneficiaries.
Ms Arhin said the assembly had set aside GH¢ 50,000 for the street-naming project, which will start in January next year.
The MCE admonished members to assist in revenue generation to access more funds from FOAT and the District Assemblies Common Fund.
By Joe Okyere/Daily Graphic/Ghana