• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, June 29, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Finance

MoF Amends The Proposed Road and Bridge Tolls Against Re-starting Collection of Tolls

Maynard Championby Maynard Champion
March 14, 2023
Reading Time: 4 mins read
Kenneth Nana Yaw Ofori-Atta, Finance Minister of Ghana

Kenneth Nana Yaw Ofori-Atta, Finance Minister of Ghana

The Ministry of Finance (MoF), on behalf of the government has revised and amended the proposed road and bridge Fees and Charges as per Miscellaneous Provisions Act, 2022 (Act 1080).

The amendment is in line with the government’s intention to restart the collection of 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.

For that purpose, the Ministry of Finance has commenced the procedures, necessary to determine the toll foundation rates, while the Ministry of Roads and Highways considers them.

The Finance Minister, Kenneth Nana Yaw Ofori Atta, as a result, in a letter to the Ministry of Roads and Highways, confirmed the approved fees and charges as tolls on roads and bridges to be introduced this year, 2023.

ADVERTISEMENT

“We are by this letter sending the recommended rates for input by the Ministry of Roads and Highways to enable this Ministry to finalize the schedule of fees under the upcoming Legislative Instrument”.

MoF
Road tolls fees n charges
Amended tolls presented to the Ministry of Roads and Highways by the Ministry of Finance

This year, 2023, the government intends resuming the collection of road tolls on selected roads in the country – one of its revenue-generating plans in the 2023 budget, which the Finance Minister submitted to Parliament in November, 2022.

Payment of tolls on public roads ceased in November 2021 as part of policy measures announced by the government in its 2022 Budget, a move that displaced several road toll collectors.

The Finance Minister, Ken Ofori-Atta, admitted that the suspension of road toll collection had hampered the government’s revenue generation.

Ofori-Atta made a claim that the hasty decision made in anticipation of the passage of the E-levy has now become a major issue, with the government struggling to deal with it.

Meanwhile, the Minority in parliament advocated for the reintroduction of road tolls arguing that the cessation was not financially sustainable, especially, since the government is struggling to raise revenue.

ADVERTISEMENT

Not only has the cessation affected government’s revenue stream but has also affected the jobs of individuals who worked there as toll collectors.

Meanwhile, recent concerns from commuters and drivers reveal that the cessation of toll collection has also resulted in some negative conducts on the roads by truck drivers, who park in the toll areas to rest. This, the complainants said causes traffic and even worse, accidents on the road, posing a threat to their lives.

Hon. Amoako Atta
Honorable Kwasi Amoako-Attah

Due to the vacation of toll collectors from the site, some individuals have also made the place a home where they wash, bath and ease themselves, leaving the toll areas in deplorable states, thus, led to the complainants making an immediate call to the government to bring back toll collection. The complainants believe bringing the toll back will address all these issues as it will drive away the truck drivers as well as individuals, who have made the area their abode.

ADVERTISEMENT

While some, including the minority in Ghana’s Parliament are advocating for the toll to be brought back, with others saying it is a better means to easing the tax burden of increased taxes on individuals, businesses and households, the Ashanti Regional Minister, Simon Osei-Mensah strongly opposed the idea of reintroducing the tolls.

Tolls should be collected electronically to ease traffic and congestion

Hon. Osei-Mensah, in explaining his reasons for opposing the idea of re-introducing tolls collection said he once had to personally get involved in distributing tickets in order to ease the traffic congestion on a certain road in the Ashanti Region.

75145978
Honorable Simon Osei, Mensah, Ashanti Regional Minister

He added that the tolls will only bring back unnecessary traffic thus suggested an electronic means of tolls collection.

“We should consider maybe electronic but if we are to go back to the previous form, I won’t support it because it gives headache.”

Hon. Simon Osei-Mensah

READ ALSO: GRA Denies Claims Of Harassment Against Kennedy Agyapong’s Businesses

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Ken ofori-attaKwasi Amoako-AttahMinistry of FinanceMinistry of Roads and HighwaysSimon Osei-Mensah
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Danish Embassy Reports On $1.9bn Annual Post-harvest Losses Of Vegetables In Ghana

Next Post

GRA to Begin e-VAT Regime for Large Taxpayers

Related Posts

Standard Chartered Exit Fuels Nduom’s Bold Ownership Demand
Banking

Standard Chartered Exit Fuels Nduom’s Bold Ownership Demand

June 26, 2026
Standard Chartered Targets Retail Banking Exit in Ghana
Banking

Standard Chartered Targets Retail Banking Exit in Ghana

June 25, 2026
BoG Unveils Tough New Dud Cheque Sanctions
Banking

BoG Unveils Tough New Dud Cheque Sanctions

June 25, 2026
StanChart Predicts Stablecoin Boom to Hit $2 Trillion
Banking

StanChart Predicts Stablecoin Boom to Hit $2 Trillion

June 24, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Screenshot

Government Halts Public Sector Pay Renegotiations as Emoluments Commission Takes Shape

June 29, 2026
Defence Secretary Dan Jarvis

UK Backs Hybrid Combat Vessels in Defence Shake-Up

June 29, 2026
Canada players celebrating after Stephen Eustaquio struck the only goal against South Africa

Canada Reach R16 After Late Eustaquio Strike Breaks South Africans’ Hearts

June 28, 2026
NHIA and St John the Baptist Parish

NHIA Launches Faith Drive to Boost Health Insurance Access Across Ghana

June 28, 2026
Ghana Journalist Association Logo

Investigative Journalism Currently Under Threat — GJA Secretary

June 28, 2026
ADVERTISEMENT
Next Post
VAT

GRA to Begin e-VAT Regime for Large Taxpayers

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.