• About
  • Advertise
  • Privacy & Policy
  • Contact
The Daily Statesman Newspaper
  • General News
  • Opinion
  • Statesman Leader
  • Today’s Front Page
  • Education
  • Featured
  • Africa
  • Agriculture
No Result
View All Result
  • General News
  • Opinion
  • Statesman Leader
  • Today’s Front Page
  • Education
  • Featured
  • Africa
  • Agriculture
No Result
View All Result
The Daily Statesman Newspaper
No Result
View All Result
Home General News

Finance Ministry: Road tolls idea a proposal for now

By Isabella Agyakwa

Daily Statesman by Daily Statesman
March 16, 2023
in General News
0
All T-Bills are 100% safe – No haircut on principal of domestic bonds

Finance Minister, Ken Ofori-Atta

0
SHARES
3
VIEWS

The Ministry of Finance says the rates for the re-introduction of tolls on the country’s roads is a proposal yet to be subjected to consultations and approvals by relevant stakeholders.

The matter, which has become a subject of controversy, follows a leaked letter from the Ministry of Finance to the Ministry of Roads and Highways.

The Finance Ministry, in a statement, explained that the letter “sought to convey proposed rates for the tolling of roads and highways to Ministry of Roads and Highway as part of broader consultations on the revenue generation policy.”

It noted that the proposed rates for the tolling of roads and highways form part of broader consultations on the revenue generation policy.

The Ministry, therefore, entreated the media to be circumspect with their reportage on the leaked letter as “the rates included in the letter are only proposals to be subjected to consultations and approvals at appropriate levels.”

Proposed rates

The new development comes two years after the Ministry of Roads and Highways directed the cessation of toll collection across the country.

It was to remove some of the charges the public paid to court support for the introduction of the new Electronic Transfer Levy (E-Levy).

On the proposed new rates, cars paying 50Gp will pay GHC1 under the amended LI, while pick-ups, light duty trucks and mammy wagons will pay GHC1.50, up from the previous GHC1.

Heavy buses and light goods trucks will now move away from paying GHC1.50 to paying GHC2, while medium goods trucks (three axles) and heavy-duty goods trucks (four axles) will now pay GHC3, from the GHC2 they were paying before the collection of tolls on major highways and bridges was abolished.

Other proposed increments are heavy goods trucks, which are five axles or more, now to pay GHC3.50, up from GHC2.50, while motorbikes will now pay 50Gp, up from 10Gp, with agricultural tractors, with or without trailers, paying GHC1, up from 50Gp.

Parliament Committee

Meanwhile, the Chairman of Parliament’s Roads and Highways Committee in Parliament, Kennedy Osei Nyarko, wants road tolls pegged at GHC5, saying setting the toll at GHC5 will help the government generate more revenue for the country.

Speaking to journalists about the matter, Mr Nyarko said only that amount of money will be considered as the toll rate.

“After suspending the road tolls for more than a year, why do we just add 50 pesewas to it? As the Roads Committee Chair, I will not support anything less than GHC5. I am doing that based on the average road toll in the sub-region and globally which is $1,” he said.

The government has revised the schedules of the Fees and Charges (Miscellaneous Provisions) Act, 2022, (Act 1080).

The amendments are in line with the government’s intention to restart collecting tolls on some roads pending the completion of the steps to identify the roads and highways to be affected by the reintroduction of the tolls.

Previous Post

Today’s Front Page 16/03/2023

Next Post

BoG honoured at National Honours and Awards 2023

Daily Statesman

Daily Statesman

Next Post
Appeal Court upholds BoG’s revocation of TI Microfinance’s licence

BoG honoured at National Honours and Awards 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

STATESMAN LEADER

  • Statesman Leader
ISSUES-BASED CAMPAIGN IS  IN THE INTEREST OF NPP
Statesman Leader

NPP BILLBOARDS AND THE POLITICAL REALITY

by Daily Statesman
March 16, 2023
0

Across the country and, particularly, in the national capital, giant billboards of persons seeking to lead the governing New Patriotic...

Read more
Illegal miner burnt to death

REDEEMING OURSELVES BEYOND THE GALAMSEY STORM

March 15, 2023
Ghana.GOV to trigger GHC3b improved annual revenue collection

WORKING TOGETHER TO REDUCE FOOD INFLATION

February 24, 2023
All T-Bills are 100% safe – No haircut on principal of domestic bonds

ECONOMIC REBOUND THROUGH PLANNING TO DELIVER  

February 20, 2023
THE FATALITIES ON THE ROAD ARE BECOMING SCARY

MINIMISING ACCIDENTS AS WE ENTER CHRISTMAS ERA

December 1, 2022

TODAY'S FRONTPAGE

  • Today's Front Page
Today’s Front Page 23/03/2023
Today's Front Page

Today’s Front Page 23/03/2023

by Daily Statesman
March 23, 2023
0

Read more
Today’s Front Page 22/03/2023

Today’s Front Page 22/03/2023

March 23, 2023
Today’s Front Page 21/03/2023

Today’s Front Page 21/03/2023

March 21, 2023
Today’s Front Page 20/03/2023

Today’s Front Page 20/03/2023

March 20, 2023
Today’s Front Page 16/03/2023

Today’s Front Page 16/03/2023

March 16, 2023
  • Trending
  • Comments
  • Latest
Criminal gold syndicate busted over $2.7m deal

Criminal gold syndicate busted over $2.7m deal

February 24, 2023
Customs recovers GH₵5.7million from stolen cars, unpaid duties

Customs recovers GH₵5.7million from stolen cars, unpaid duties

January 27, 2023
HOW ADAMU SAKANDE WAS JAILED

HOW ADAMU SAKANDE WAS JAILED

February 8, 2022
Court discharges Qnet representatives

Court discharges Qnet representatives

May 13, 2022
Kansaworodo queenmother assures President of ‘four more to do more’

Profile of Nana Addo Dankwa Akufo-Addo

19

Bawumia: NPP is the only party with ideas to transform Ghana

6
Report sexual abusers for swift action – female students told

Report sexual abusers for swift action – female students told

6
John Boadu elected deputy chair of Democratic Union of Africa

John Boadu: NPP is the best party to move Ghana forward

4
Today’s Front Page 23/03/2023

Today’s Front Page 23/03/2023

March 23, 2023
Today’s Front Page 22/03/2023

Today’s Front Page 22/03/2023

March 23, 2023
TKSS lauds Da-Costa Aboagye on ‘Order of Volta-Companion’ award

TKSS lauds Da-Costa Aboagye on ‘Order of Volta-Companion’ award

March 21, 2023
How remittances will affect Ghana’s economy in 2023 and beyond

Five reasons to switch to digital remittances

March 21, 2023

Recent News

Today’s Front Page 23/03/2023

Today’s Front Page 23/03/2023

March 23, 2023
Today’s Front Page 22/03/2023

Today’s Front Page 22/03/2023

March 23, 2023
TKSS lauds Da-Costa Aboagye on ‘Order of Volta-Companion’ award

TKSS lauds Da-Costa Aboagye on ‘Order of Volta-Companion’ award

March 21, 2023
How remittances will affect Ghana’s economy in 2023 and beyond

Five reasons to switch to digital remittances

March 21, 2023
The Daily Statesman Newspaper

The Statesman Newspaper is a Ghanaian newspaper printed daily in Ghana by the GAB Publications limited. It is one of the oldest mainstream newspapers in Ghana.

Archives

Download App

 

 

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Daily Statesman | Designed by Digitrust Ghana.

No Result
View All Result
  • General News
  • Opinion
  • Statesman Leader
  • Today’s Front Page
  • Education
  • Featured
  • Africa
  • Agriculture

© 2021 Daily Statesman | Designed by Digitrust Ghana.