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Finance Minister assures Ghanaians of rebuilding a strong economy in 2022

The Finance Minister, Ken Ofori Atta has assured Ghanaians that, the NPP led Nana Addo government is on course to rebuilding a strong economic sector in the country.  

The Minister disclosed this during the 2022 budget presentation on the floor of Parliament on Wednesday 17th November, 2021.

He said the NPP government inherited a weak economy in 2016, but were able to turn it around within their first term in office until the start of the Covid-19 across the globe.

“We have no doubt in our capacity as a government to turn things around, we turned around the economic crisis we inherited in 2016. We are turning around the economic crisis the pandemic brought in 2020.”

He said despite the challenges, government is putting more measures to revive the economic sector in the country.

“The challenge is on and we are determined to prevail, with the people behind us and the Almighty on our side, we know we shall prevail, he said.

The Finance Minister during the presentation also announced government’s decision to abolish toll levy on public roads within the country.

“Government has abolished all tolls on public roads and bridges. This takes effect immediately the Budget is approved,” he announced.

He said despite the fact that the tolling system has played a crucial role in funding the expansion of Ghana’s road infrastructure, the Minister noted that tolling points create unpleasant situations.

“Over the years, the tolling points have become unhealthy market centres, led to heavy traffic on our roads, lengthened travel time from one place to another and impacted negatively on productivity.”

“The congestion generated at the tolling points, besides creating these inconveniences, also leads to pollution in and around those vicinities,” Ken Ofori-Atta said.

To address the challenges it is necessary for the government to take a decision against the setting-up of tolling points.

Ken Ofori-Atta mentioned that the “toll collection personnel will be reassigned.”

“The expected impact on productivity and reduced environmental pollution will more than offset the revenue forgone by removing the tolls,” he added.

Story By: Alhassan Yakubu

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