Ministry of Finance says no decision yet on road tolls

The Ministry of Finance has called for circumspection on public discussion on its proposal for a more than 88 per cent increase in road tolls.

The ministry said the amounts quoted in its leaked letter to the Ministry of Roads and Highways “are only proposals to be subjected to consultations and approvals at appropriate levels.”

It said in a release yesterday that similar consultations would be held with other stakeholders before a concrete decision would be arrived at.

The ministry explained that the letter only sought to convey proposed rates for the tolling of roads and highways to Ministry of Roads and Highway.

It stressed that the reintroduction of road toll was a scal policy measure captured in the 2023 Budget Statement and Economic Policy to support revenue generation It, therefore, called on the media to be circumspect in discussing the issue.

The Ministry of Finance, in a leaked letter, earlier this week proposed that road tolls be raised by an average of 88 per cent as part of e orts towards ensuring a return of the levies that were abolished in November 2022.

As part of the proposal, the ministry want motorbikes to be levied 50pesewas compared to an earlier amount of 10pesewas. It also wants tolls of salon cars to rise from 50pesewas to GH¢1 while that of Pick-ups and 4X4 vehicles will increase to GH¢1 to GH¢1.50. tion of 92.5%, whilst Cocoa Drinks recoded no in ation.

Heavy buses are also to be levied GH¢2, up from the previous gure of GH¢1.50, while heavy duty trucks with ve or more axles will be asked to pay GH¢3 compared to an earlier fee of GH¢2.

Whilst Food In ation went down by 0.437% to 59.1%, Non-food In ation remained was 47.9%.

The month-on-month in ation between January 2023 and February 2023 was 1.9%.

Also, in ation for locally produced items was 49.0%, in ation for imported items was 62.3%.

Addressing Journalists on the new rate, Government Statistician, Professor Samuel Kobina Annim hinted that the reduction is a conrmation of a sustained downward trend in the rate of in ation so far

Participants at a lecture on new ideas for engagement with the African diaspora, have called for the institution of a truth and reconciliation process to help settle and assuage the scourge of slavery and to hasten the integration of African -Americans and Afro- Caribbeans back to the African continent. the Institute of International A airs, Ghana (GhIIA.org) under the theme ‘New ideas for engagement and integration: Africa and its forced Diaspora’ at Mmofra Place head- lined the eminent Professor Esi Sutherland-Addy, a noted academic and public servant as the keynote speaker. The event was moderated by Dr. Kwabena Opoku Agyemang of the Institute of African Studies at the University of Ghana, Legon.

The event was highly patronized with an audience consisting members of the Institute, retired and serving diplomats, members of the diplomatic community and sion to submit its audited holders across the country.

The event was organized by Ghana Link Network Services has begun its annual intensive refresher training programme on the Integrated Customs Management System (ICUMS) for various stake-

The ICUMS platform has revolutionised customs processes in Ghana by integrating all stakeholders involved in the customs clearance process,

The Agricultural Development Bank (ADB) PLC has launched a new corporate strategy with a commitment to strengthen agribusiness nancing.

The move is to help accelerate the achievement of the bank’s vision "to be the people’s bank, harnessing the transformational power of agribusiness for wealth creation."

The new corporate strategy, which was considered and approved by the Board of Directors of the Bank, replaces a 3-year strategy that expired on