HomeEconomyGov’t abolishes Road Tolls; MoMo transactions levy increased

Gov’t abolishes Road Tolls; MoMo transactions levy increased

The Finance Minister, Ken Ofori Atta, has announced that the government has abolished all road tolls on public roads and bridges.

According to him, the toll collection personnel will be reassigned adding that the move is expected to positively impact productivity and reduce environmental pollution.

Reading the 2022 Budget in Parliament on Wednesday, Mr Ofori Atta stated “Mr.  Speaker, our roads need fixing. Our roads are being fixed. It is true that more roads have been fixed and are being fixed over the last five years than any relative period in the entire history of our nation. We even want to do a lot more.

“That is why for decades, Government after Government imposed and maintained tolls on some public roads to raise funds for road construction and maintenance. This is the situation in many countries. Over the years, the tolling points have led to heavy traffic on our roads and lengthened travel time from one place to another, impacting negatively on time and productivity. The congestion generated at the tolling points, besides creating these inconveniences, also leads to pollution in and around those vicinities.

To address these challenges, the Government has abolished all tolls on public roads and bridges. This takes effect immediately after the Budget is approved. The toll collection personnel will be reassigned. The expected impact on productivity and reduced environmental pollution will more than offset the revenue forgone by removing the tolls.

The Minister said to compensate for the road tolls, the government is looking to introduce innovative ways of raising revenue such as the proposed 1.7% phone transactions levy payable by mobile money users per transaction above GHS 100.

He said this will help the government to shore up revenue inflows to fund road projects in the country.

Source: Ghana/Starrfm.com.gh/103.5FM

 

Benjamin Mensah
Benjamin Mensahhttps://freshhope1.org
Benjamin Mensah [Freshhope] is a young man, very passionate about the youth of this Generation. Very friendly, reliable and very passionate about the things of God and all that I do. The mission is to inform, educate and entertain. Feel free to send your whatsapp messages to +233266550849 and call on +233242645676
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