BusinessNews

2022 Budget: Government scraps road tolls

Finance Minister Ken Ofori-Atta has announced that the Government has scrapped the payment of road tolls being paid by motorists in the country.

This is expected to be a relief for road vehicle users as the collection of tolls contribute to heavy vehicular traffic that  lengthen travel time.

The announcement is also expected to end a regime of ineffective revenue collection at tolling points on our public roads.

Presenting the 2022 budget statement and economic policy to Parliament on Wednesday, November 17, 2021, Ofori-Atta said the revenue that accrues to the state for the construction and maintenance of roads is inadequate and hence, government has to look elsewhere to equitably generate revenues for the construction and maintenance of our roads.

“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, Government has abolished all tolls on public roads and bridges. This takes effect immediately the Budget is approved. The toll collection personnel will be reassigned. The expected impact on productivity and reduced environmental pollution will more than off-set the revenue forgone by removing the tolls,” he added.

The Minister said to compensate for the road tolls, 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 government to shore up revenue inflows to fund road projects in the country.

 

Source: Myxyzonline.com|Ghana

Back to top button
Translate »