Government has hinted at an upward review of the current road toll rate in the country as part of its post-Covid-19 economic recovery efforts.
The Caretaker Finance Minister, Osei Kyei-Mensah-Bonsu during the presentation of the 2021 Budget Statement Friday noted that funds generated from the new road tolls will be used to improve and maintain the conditions of the roads in the country.
"Mr Speaker, to maintain the improvements on our roads, government will review existing road tolls and align them with current market rates.
"This will form part of the framework for promoting burden-sharing as we seek to transform our road and infrastructure sector in a post-Covid-19 era,” he informed the House.
The Suame legislator also added that government will amend the Fees and Charges (Miscellaneous Provisions) Act, 2018 (Act 983) that governs the setting of Rates and Tolls.
The amendment will seek to accommodate an automatic annual adjustment that will be pegged to the previous year’s average annual inflation as published by the Ghana Statistical Service.
Already, Roads and Highways Minister, Kwasi Amoako-Attah had proposed an upward review of Ghana’s road toll rate to finance major roads in the country.
During his vetting, Mr Amoako-Attah said, “At the moment, Ghana pays the lowest rate in the whole world…If you want to go the B.O.T. (Build Operate Transfer) or BOOT (Build Own Operate Transfer) way as we see in other parts of the world, the research that has been done by my ministry on the average toll rate is around $1. But here people pay 50p for toll rate.”
Also, a section of Ghanaians, particularly, the Road Contractors Association have called for an increment in road tolls.
According to them, the current rate of 50 pesewas for saloon vehicles imposed in 2010 does not carry the same value in 2021, as such, an increase in tolls will generate more revenue for government to pay contractors timeously.
Latest Stories
-
Driver on bail over fraudulent land transaction
5 minutes -
Common vaginal ‘imbalance’ may be an STI
18 minutes -
Keynote speakers arrive in Paris for Women of Valour
3 hours -
It’s time to reset Ghana and private sector must lead the way – Ishmael Yamson
4 hours -
Prosecutors demand Luis Rubiales World Cup kiss retrial
5 hours -
Ghana won’t sink any further, investors must stay – Ishmael Yamson
5 hours -
Dr. Louisa Satekla pays courtesy call on Haruna Iddrisu to promote oral health education
5 hours -
Coastal Civil Society Forum engages tidal wave victims, calls for urgent gov’t action
5 hours -
ECB apologises for Pope Francis Ashes post joke
5 hours -
Denmark postal service to stop delivering letters
6 hours -
Photos: Mahama visits victims of tidal waves destruction in Volta region
6 hours -
Teen armed with gun overpowered by passengers onboard plane
6 hours -
Ghana Month: From war airbase to global gateway – KIA’s evolution and Ghana’s airline struggle
6 hours -
Rosetta Quaicoe: Preventing future Cholera outbreaks in Takoradi: A public health imperative
6 hours -
Edward Bawa assumes office as Acting Group CEO & MD of GOIL PLC
6 hours