The Finance Minister, Ken
Ofori-Atta has hinted that government will soon reintroduce road tolls.
According to the Minister, there will be collection of tolls specifically on
the Accra-Tema motorway when completed.
He revealed this in his presentation of the mid-year budget in Parliament on
Monday, July 25, 2022.
Speechifying before the House, the Minister stated; "The Government of Ghana has made a
strategic decision, in line with the Public Private Partnership Act, 2020 (Act
1039) to procure the Accra-Tema Motorway and Extensions Project through GIIF
with a mandate to deliver a GIIF-led PPP financing
solution, where maximum funds are raised from
the market, but majority ownership of the project remains with GIIF on behalf
of the Ghanaian Government."
Shedding more light on the reinstalling of the road tolls, the Minister
emphasized that "the completed road will be tolled to
recover the whole life cost of the completed infrastructure as well as pay
lenders and provide a return for equity investors".
"The draft Concession Agreement (CA)
between GIIF and MoRH is currently under review by GIIF, MoRH, the Office of the
Attorney-General and Ministry of Finance. When completed, the CA is expected to
be approved by the PPP Committee, Cabinet and Parliament...The Government of
Ghana shall provide funding through GIIF to take equity in the Special Purpose
Vehicle to be created by GIIF for the project", he expounded.
Source: Peacefmonline.com/Ghana