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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

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Abolishing road tolls will ensure free movement of goods and services – Osafo-Maafo

byBobbie Osei
November 18, 2021
in News, Top Stories
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Senior Presidential Advisor, Mr. Yaw Osafo-Maafo has backed the zero-rating of tolls on all public roads and bridges.

The Finance Minister, Ken Ofori-Attah, who made the announcement on Wednesday, explained that tolling points contribute to heavy vehicular traffic witnessed on major roads across the country.

In an interview with Citi Business News, Mr. Osafo-Maafo noted that the amount of money collected from the tolls is not worth the loss of productivity associated with the traffic created by the toll system.

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“I believe that anybody who uses the roads in Ghana knows the hazards the road tolls cause in terms of delays. One of the greatest problems facing Greater Accra today is a traffic jam, and added to it are these tolls which really create traffic congestion, particularly for commercial travellers. And I think the amount of money realized for a year, through the total tolls in this country, is GH¢78 million, and it is not worth the hazard of time-wasting that is involved in the whole exercise.”

“So the best is for the government to improve its efficiency in collecting revenue and give that freedom for pedestrians to move smoothly. The current situation was creating havoc for people, so the government thought it wise to abolish tolls to allow for free movement of goods and services in the system,” he added.

Stop collecting road tolls immediately – Roads Ministry orders

The Ministry of Roads and Highways has directed the immediate discontinuation of the collection of tolls on all public roads and bridges across the country.

This order according to a statement signed by the sector minister, Kwasi Amoako-Attah, was to take effect from Thursday, November 18, 2021, at 12:00am.

It follows the announcement by the Finance Ministry of the scrapping of tolls on all public roads.

“The Ministry of Roads and Highways hereby directs the cessation of the collection of road and bridge tolls at all locations nationwide.”

Police personnel from the Motor Traffic and Transport Department (MTTD) are to be stationed at various toll booths to provide security.

In the meantime, the statement has urged motorists to obey the instructions of the security agents.

“The motoring public will be advised of further measures in due course”, the release further said.

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