{"id":207256,"date":"2024-08-08T10:05:32","date_gmt":"2024-08-08T10:05:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/08\/08\/introduce-broad-based-toll-system-dr-bawumia-to-road-sector-stakeholders\/"},"modified":"2024-08-08T10:05:32","modified_gmt":"2024-08-08T10:05:32","slug":"introduce-broad-based-toll-system-dr-bawumia-to-road-sector-stakeholders","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/08\/08\/introduce-broad-based-toll-system-dr-bawumia-to-road-sector-stakeholders\/","title":{"rendered":"Introduce broad-based toll system \u2013 Dr Bawumia to road sector stakeholders \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>The Vice-President, Dr Mahamudu Bawumia, has proposed a broad-based road-tolling system to ensure equity.<\/strong><\/p>\n<p>He said there was inequity in the architecture of the road-tolling system of the country as it tended to exclude the wealthier part of the population.\u00a0<\/p>\n<p>\u201cThe current architecture that we have in tolling really tends to exclude even the wealthier part of the population, so if I live in Cantonments, East Legon, Ridge, which are the high-end neighbourhoods, I will not see a toll but if I live at Kasoa or somewhere else, I am likely to meet a toll.\u201d<\/p>\n<p>\u201cThere seems to be an inequity in tolling and I believe that we should look at broad-based tolls,\u201d he stated.\u00a0Dr Bawumia said this when he addressed the opening of a panel discussion on road financing in Accra yesterday.<\/p>\n<p>He urged the stakeholders to find ways of widening the scope of tolling, saying, \u201cThen we all contribute and the revenue could be much higher.\u201d<\/p>\n<h2 class=\"wp-block-heading\">50th Anniversary<\/h2>\n<p>The event, which was attended by Members of Parliament (MPs), engineers, consultants, representatives of financial institutions and contractors was organised by the Ghana Highway Authority (GHA) as part of its 50th anniversary.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.graphic.com.gh\/images\/2024\/aug\/08\/stakeholders.jpg\" alt=\"Stakeholders in the forum\" title=\"Stakeholders in the forum\"\/><\/figure>\n<p><strong>Stakeholders in the forum<\/strong><\/p>\n<p>It was on the theme: \u201cClosing the financing gap in road infrastructure development in Ghana\u201d.\u00a0Dr Bawumia said exploring innovative financing models was essential to generating sustainable revenue streams.<\/p>\n<p>In that regard, he said, infrastructure bonds, road funds and toll systems could provide dedicated funding for road development and maintenance.<\/p>\n<p>Those mechanisms, Vice-President Bawumia said, reduced reliance on traditional budgetary allocations and allowed for more predictable and stable funding.<\/p>\n<p>\u201cWe have seen successes with initiatives such as the road fund, financed through fuel levies, which has significantly contributed to road maintenance efforts.\u201d<\/p>\n<p>\u201cOur government is committed to expanding such initiatives and exploring new models to enhance our funding capacity,\u201d Dr Bawumia said.\u00a0To realise those goals, he said: \u201cWe must confront the significant financing gap that threatens to undermine our progress.\u201d<\/p>\n<h2 class=\"wp-block-heading\">Maintenance backlog<\/h2>\n<p>While stating some statistics to buttress the point, Dr Bawumia said the nation, according to recent estimates, required $12 billion to clear the maintenance backlog and enable the network of about 94,203km of roads to be at an optimal level.<\/p>\n<p>He said current funding levels only covered about 38 per cent of the requirement, which left a significant shortfall.\u00a0The Vice-President said the gap translated into deteriorating road conditions, increased maintenance costs and missed economic opportunities.<\/p>\n<h2 class=\"wp-block-heading\">Public-private partnerships<\/h2>\n<p>Dr Bawumia, therefore, called for a Public-Private Partnerships (PPP) approach as a viable solution to bridge the financing gap.\u00a0By fostering collaboration between the public sector and private investors, he said: \u201cWe can unlock new funding streams and leverage expertise in project implementation.\u201d<\/p>\n<p>\u201cTo foster successful partnerships, it is essential to build strong relationships with construction firms, engineering companies and technology innovators who can provide both financial support and valuable expertise,\u201d Dr Bawumia added.<br \/>\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Road construction<\/h2>\n<p>The Minister of Roads and Highways, Francis Asenso-Boakye, said the ministry through its implementing agencies managed a road network size of 94,203 km, out of which 28 per cent was paved and the remaining 72 per cent unpaved.<\/p>\n<p>As of the end of 2023, he said, 44 per cent of the road network in the country was in good condition, 34 per cent in fair condition and 22 per cent in poor condition as against an original target of 70 per cent good, 20 per cent fair, and not more than 10 per cent in poor condition by the end of 2025.<\/p>\n<p>Mr Asenso-Boakye said with trade, transit, urbanisation, development and other economic factors, there was a growing demand for more and better roads across the length and breadth of our country.<\/p>\n<p>He said between 2017 and the end of 2023, the government had added 12,830km of roads to the national network.<\/p>\n<p>graphic.com.gh  <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Vice-President, Dr Mahamudu Bawumia, has proposed a broad-based road-tolling system to ensure equity. He said there was inequity in the architecture of the road-tolling system of the country as it tended to exclude the wealthier part of the population.\u00a0 \u201cThe current architecture that we have in tolling really tends to exclude even the wealthier [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":207257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-207256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Introduce broad-based toll system \u2013 Dr Bawumia to road sector stakeholders \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/08\/08\/introduce-broad-based-toll-system-dr-bawumia-to-road-sector-stakeholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introduce broad-based toll system \u2013 Dr Bawumia to road sector stakeholders \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Vice-President, Dr Mahamudu Bawumia, has proposed a broad-based road-tolling system to ensure equity. 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