A member of the Ghana RoadFund management board, Professor Mohammed Salifu said the RoadFund remains the only viable way of raising adequate resources for the crucial task of road maintenance, adding, a lot must be done to improve the revenue of the fund.
He stated this at a forum organized at Wa by the RoadFund Management Board in collaboration with the RoadFund secretariat for its stakeholders.
The objective of the forum is to coordinate and ensure total accountability of the Fund and also to encourage stakeholders to support revenue mobilization and vigilance as well as effective use of resources.
Prof. Mohammed Salifu said since the inception of the fund in 1985, it has chalked lots of successes with particular reference to the last decade were the Fund averagely bagged one hundred million US Dollars (US 100 $MILLION) from tolls and levies collected to undertake road maintenance in the country.
Despite the success chalked, the Ghana RoadFund management member said it is facing some challenges which include the unrestrained awards of contract by agencies outside approved budgets; poor project or contract management by agency staff which sometimes results in the fund not getting value for the money spent and seeming preference of expensive upgrading to the neglect of core maintenance activities.
He said the board is also challenged with the issue of significant number of motorists-40 per cent of them- converting from fuel to Liquefied Petroleum Gas (LPG) in to order evade the petroleum levy.
He added that about GHC250Million is required for adequate maintenance of roads every year but that has not been the case, citing 2010 where they had GHC182.24.
Prof. Salifu suggested that the sources of revenue for the fund should be diversified and called for the expansion of the fuel levy to cover LPG by vehicles.
He also suggested that a strong political leadership is required to enhance the fuel levy, stating that for starters it can be raised to equal of 9 cents/litres.
To ensure budget discipline by road agencies, he said the board has instructed that ‘‘no objection’’ approbation be obtained before any project is initiated outside the approved budget.
The Ghana RoadFund Management member affirmed the board’s unequivocal commitment to prudently manage the fund to ensure its sustainability and that Ghanaians and motorists get value for the monies spent out of the Fund.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Mahama, Opoku-Agyemang hold crucial meeting with IMF
2 minutes -
Mahama reiterates commitment to permanent peace in Bawku
16 minutes -
ORAL is not an institution; it’s a team – Domelevo defends role in anti-corruption efforts
1 hour -
‘Nothing off the table’ in Canada’s response to US tariff threat
2 hours -
New suspected Marburg outbreak in Tanzania kills eight – WHO
2 hours -
Kenyan minister alleges intelligence agency behind his son’s abduction
3 hours -
No more miners trapped underground in South Africa, volunteers say
3 hours -
US issues fresh round of sanctions against Russia ahead of Trump return to White House
3 hours -
Death toll from South African mine siege rises to 78, rescued now at 166
3 hours -
Biden takes aim at ‘tech industrial complex’ in farewell speech
3 hours -
Biden says Gaza deal based on his framework while Trump claims credit
3 hours -
Ex-convict, 22, jailed in Tarkwa for threatening to stab student
5 hours -
The would-be African nation in love with Donald Trump
6 hours -
‘We’re not investigating, we’re validating’ – Domelevo clarifies ORAL Committee’s role
6 hours -
JoyNews poll: Akufo-Addo, his government’s ‘killer’ taxes and nepotism blamed for NPP’s 2024 defeat
6 hours