Government allocates GH¢1.5 Billion for financial management; reintroduces Road Toll Reimplementation
Finance Minister Dr. Mohammed Amin Adam has announced that the government has approved an additional GH¢1.5 billion to settle unresolved claims associated with financial management companies.
Additionally, the government has sanctioned the development of a structure for reimplementing road and bridge tolls in 2025.
These announcements were made by Dr. Adam in Parliament in Accra on Tuesday during the presentation of the mid-year fiscal policy review for 2024.
“Mr. Speaker, Cabinet has also granted approval for the disbursement of an additional 1.5 billion Ghana Cedis to settle outstanding claims relating to financial management companies and the establishment of a framework for the re-introduction of road and bridge tolls in 2025,” he declared.
Dr. Adam also mentioned that the government has approved “the operationalisation of the integrated property tax system and the amendment of the Fiscal Responsibility Act to reinstate the numeric threshold that was suspended in 2020.”
