Monies Realized From Tolling Roads Insignificant – Kojo Oppong Nkrumah

The minister of information, Kojo Oppong Nkrumah has come out to belittle the amount of monies Government has been gathering from the tolling of public roads and bridges, labeling the monies as insignificant and said it is the reason why has look for a much more effective way of making more money to cater for the road infrastructure of the country.

He noted that the monies realized from the tolling of roads amount to Ghc78m and this according to him is no where close to the Ghc1.9bn the road fund generates yearly. He further stated that minus the paltry returns Government gets from tolling public roads, it is estimated that only 30% of vehicles pay tolls which he say is an unfair representation.

Speaking in an interview on Peace FM with host Kwami Sefa Kayi, and talking about the outcry of Ghanaians against the e-levy, the minister of information said; “We are no more using road tolls as a mechanism for funding roads”

He noted that the valuation of Mobile Money transactions had catapulted from Ghc78.5 billion in 2016 to Ghc564 in 2020 making it an untapped source of revenue collection. His comments come at the back of the reading of the 2022 budget read by government in which comment seeks to abolish the collecting of toll on all public roads and rather generate more income by imposing a 1.75% on electronic money transactions

The revelation has been welcomed with mixed reactions, with a majority of the population kicking against the thought. The minority in parliament, the National Democratic Congress (NDC), has come out to openly condemn the policy and has said they would fight for the interest of Ghanaians on the floor of parliament. It will be interesting to see if the 2022 budget will be approved or not.

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