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Saturday, November 27, 2021

Monies From Road Tolls Peanut To Be Used To Better Ghana Roads Compared To E Levy – Kojo Oppong Nkrumah » GhBase•com™

Minister for Information, Kojo Oppong Nkrumah, has said the abolishing of road tolls will have no significant effect on the Road Fund.

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He said the road tolls contribute only about Ghc 78m to the Road Fund which generates about Ghc 1.9bn annually.

Aside from this ‘insignificant’ road toll contribution to the fund, he said only about 30% of vehicles plying our roads pay road tolls which is not a fair representation.

“We are no more using Road tolls as a mechanism for funding public roads,” Kojo Oppong Nkrumah told Kwami Sefa Kayi on Peace FM’s ‘kokrokoo’ programme Thursday morning in relation to the Electronic Levy.

He said the value of Mobile Money transactions have increased from about Ghc 78.5billion in 2016 to Ghc 564 billion in 2020 making it viable for taxation.

Minister for Finance, Ken Ofori-Atta in his presentation of the 2022 budget statement and economic policy to Parliament on Wednesday, November 17, 2021 noted that gov’t has scrapped the amount of money being paid by motorists as tolls on public roads in the country.

This should come as a relief for road vehicle users given the heavy vehicular traffic, lengthened travel time and ineffective revenue collection at tolling points on our public roads.

 

 

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