Upon completion, the newly-contracted Accra-Tema motorway would be tolled, according to Ofori-Atta.

 

The government's creative plan to earn money to support the renovation and development of the Tema Motorway, a crucial road network in the nation, was announced by Finance Minister Ken Ofori-Atta.

He claims that the government will form a concession agreement between the Ghana Infrastructure Investment Fund (GIIF) and the Roads and Highway Ministry that will support the 27.7-kilometer project in accordance with the Public Private Partnership Act, 2020 (Act 1039).

Tolls will be imposed on the finished road to cover the full cost of the finished infrastructure, pay lenders, and give equity investors a profit.

In order to acquire equity in the Special Purpose Vehicle that GIIF would construct for the project, the Government of Ghana will give funds through GIIF, he said.

The Finance Minister further disclosed that the government will still impose tolls on all new roads built in accordance with such concession agreements.

The proposed concession agreement between GIIF and the Ministry of Roads and Transport is now being reviewed by all parties, including the Office of the Attorney General and the Ministry of Finance, the Minister said while commenting on the contract as it has been drafted so far.

Mr. Ofori-Atta stated in his Mid-Year Budget Review speech that the project will be tolled when it is finished.

“When completed, the concession agreement is expected to be approved by the PPP Committee, Cabinet and Parliament,” he continued.

On November 17, 2021, government revealed motorists who ply tolled roads across the country, will no longer be required to pay tolls.

“Government has abolished all tolls on public roads and bridges. This takes effect immediately the Budget is approved,” Ken Ofori-Atta said while reading the 2022 budget to Parliament.