IF the re-introduced road toll will be successful, government must put in place a proper mechanized structure to limit human intervention as much as possible, Investment Advisor with C-ENERGY Holdings, Mr Michael Cobblah has recommended.
According to Mr Cobblah, the reintroduction of the road tolls to commercially acceptable levels will encourage private capital to consider venturing into PPPs in the area of Infrastructure to recover their investments within a reasonable time and also to ensure that the pressure on government purse for infrastructure is reduced.
We should aim at the equivalent in cedis of $1 minimum toll but gradually starting with $0.50 and gradually inching up to the target. Our heavy duty trucks that create more wear and tear on our roads should be made to pay more.
Mr Cobblah, also an investment banker advised the Ministry of Roads and Highways to quantify the amount needed per toll road stretch on annual basis, add a premium to that and spread same over the number of expected cars to determine the appropriate road tolls to collect.
“Once this is done, we should not have any roads deteriorating to the extent we are currently experiencing on the motorway which is a complete death trap,” he said.
Mr Cobblah recommended that Ghana should have a system where broken down trucks are towed immediately they break down to a designated garage and owners made to pay to retrieve their cars for servicing to reduce the incidence of more accidents on our roads.
Government has revised the schedules of the Fees and Charges (Miscellaneous Provisions) Act, 2022, (Act 1080). The amendments are in line with the government’s intention to restart collecting 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.
Payment of tolls on public roads ceased in November 2021 as part of policy measures announced by the government in the 2022 Budget a move that displaced several road toll collectors.
The Finance Minister, Ken Ofori-Atta had admitted that the suspension of road toll collection had hampered the government’s revenue generation.
Mr Cobblah had upon announcement of the suspension argued that the move would discourage investments from Ghana’s Public-Private Partnership (PPP) community.