Road Fund owes contractors GH¢700million; wants increase in road toll

The Ghana Road Fund has been pushing for an increase in the road toll to address its growing indebtedness and low funding for its activities.

The Fund owes contractors more than GH¢700million. The Fund has also procured two loans from SSNIT – GH¢109million and an additional GH¢85million which have accrued an interest of GH¢323million.

The 2015 budgetary allocation for the Fund is GH¢215million cedis, less than half of its debt.

In a memo addressed to parliamentary select committee on transport, the Ghana Road Fund says it faces collapse if serious and immediate steps are not taken, Joy News Parliamentary correspondent Elton John Brobbey has cited.

The Fund which is a creature of Act of Parliament, Act 537(1997), is eyeing a levy on petroleum products to shore up its funds.

“Immediately the prices of fuel products go high, the percentage that they will also take will also be very high,” Chairman of the Roads and Transport Committee of Parliament, Theophilus Tetteh Chaie said.

Currently, the Road Fund has to go to Parliament for approval in toll increases.

The MP for Ablekuma Central said the levy on petroleum prices will eliminate the need for authorities of the Fund to come to parliament and argue for an increase in the road tolls.

The Committee supports the proposal submitted by the Road Fund and is considering the appropriate increase in the toll.

As at 2014, there were about 38 toll stations in Ghana including the Ada and Senchi Ferry stations. There are three categories of vehicles that ply the Tema motorway namely commercial vehicles (trotro), private vehicles and big trucks.

Commercial vehicles (trotro) and 4x4s are charged GH₵ 1.00, while big trucks are charged GH₵ 2.00.

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