No More Road Tolls; Electronic Transactions Levy To Pay For Roads – Finance Minister

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Government 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.

This was announced by the Minister for Finance, Ken Ofori-Atta in his presentation of the 2022 budget statement and economic policy to Parliament on Wednesday, November 17, 2021.

Explaining the rationale behind the scraping of the road tolls, the Minister said the revenue that accrues to the state for the construction and maintenance of roads is inadequate and hence, the 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, 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,” he added.

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.

By: peacefmonline.com