In a notable announcement during the 2024 mid-year fiscal policy review in Parliament on Tuesday, July 23, Finance Minister Dr. Mohammed Amin Adam revealed that the government plans to reintroduce road and bridge tolls in 2025. This initiative is part of a broader strategy aimed at improving infrastructure funding and management.
Dr. Amin Adam shared that the government will allocate GH¢1.5 billion to resolve outstanding claims from financial management companies. This funding is essential for addressing financial obligations and maintaining fiscal discipline.
"Mr. Speaker, Cabinet has also granted approval for the disbursement of an additional 1.5 billion Ghana Cedis to settle outstanding claims relating to the financial management companies; the establishment of a framework for the reintroduction of Road and Bridge Tolls in 2025," he stated.
The reintroduction of road tolls is seen as a strategic move to enhance economic stability and support national development efforts. By addressing financial claims and improving infrastructure funding, the government aims to create a more resilient economic environment.
Dr. Amin Adam emphasized the government's commitment to these goals, highlighting the importance of fiscal responsibility in driving national progress.
This policy shift underscores the government's proactive approach to economic management, ensuring that Ghana remains on a path to sustainable development and growth.