Kojo Oppong Nkrumah, the Minister for Information, has firmly stated that the abolishment of road tolls in the country will not have any major effect on the road fund.
According to him, road tolls contribute only about Ghc 78m to the Road Fund which generates about Ghc 1.9bn annually.
Road tolls, Driver Vehicle and Licensing Authority (DVLA) charges and a percentage of taxes on Fuel prices contribute to the Road Fund.
Speaking in an interview with Peace FM, the minister affirmed that only about 30% of vehicles plying our roads pay road tolls which is not a fair representation.
“We are no more using Road tolls as a mechanism for funding public roads,” Kojo Oppong Nkrumah stated.
He said the value of Mobile Money transactions have increased from about Ghc 78.5billion in 2016 to Ghc 564 billion in 2020 making it viable for taxation.
Source: Mybrytfmonline/Joseph Asare
