Skip to main content

Return of road tolls: Know how much you will pay

 


The Ministry of Finance has proposed that road tolls be increased by an average of 88 per cent as part of efforts towards ensuring a return of the levies later this year.

As part of the proposal, the ministry wants motorbikes to be levied 50pesewas compared to an earlier amount of 10pesewas.

It also wants tolls of salon cars to rise from 50esewas to GH¢1 while that of Pick-ups and 4X4 vehicles will increase to GH¢1 to GH£1.50.

Heavy buses are also to be levied GH¢2, up from the previous figure of GH¢1.50, while heavy duty trucks with five or more axles will be asked to pay GH¢3 compared to an earlier fee of GH¢2.

Fees for other categories of vehicles were also stated in a letter from the Minister of Finance, Ken Ofori-Atta, to the Minister of Roads and Highways, Kwasi Amoako-Atta, regarding the proposal. See full schedule of proposed fees attached.

 

Return of road tolls: Know how much you will pay

It requested the inputs of the Roads and Highways Ministry “to enable this ministry to finalise the schedule of fees under the upcoming Legislative Instrument.

Mr Ofori-Atta said in the letter that the proposal was part of steps to provide foundational rates for tolling roads and highways, pending the completion of processes to identify roads and highways nationwide to be affected by the reintroduction of road tolls.

Although an age-old income generation mechanism for the state, road tolls were abolished abruptly in November 2021 after the reading of the 2022 Budget.

It led to protests by toll collectors, who said their source of livelihood was curtailed.

The Ministry of Roads and Highways then pledged to redeploy them to other areas, a pledge that the workers say was yet to be fulfilled.

The sector minister also later said the tollbooths across the country would be converted into washrooms for road users.

In the 2023 budget, however, the Finance Minister said government would work to reintroduce the levies as a revenue generation measure.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of