E-levy Will Be Used To Raise Loans - Amoako-Atta

E-levy Will Be Used To Raise Loans - Amoako-Atta
Minister of Roads and Highways, Kwasi Amoako-Atta

 

 

The Roads and Highways Minister, Kwasi Amoako-Atta, has also disclosed that the Government will use the controversial Electronic Transfer Levy if passed to also secure loans for the road infrastructure in the country. Speaking on the floor of Parliament Friday, the Minister for first time gave indication that the E-Levy too will be

 

securitized for loans to address challenges in the roads sector. The government in its wisdom has proposed the passage of the E-levy to bring more revenue to build the road infrastructure of our country for all of us. So the government is looking forward for the passage of the E-levy that will also bring in greater revenue that would be

 

 

securitized and then used to raise bond if possible to build the road infrastructure, he said. The Minister also noted that the state has not lost revenue following the cancellation of road tolls. There are also in total 38 toll stations across the country. There have been no lost of revenue to the Ministry of Roads and Highway since the

 

 

cessation on the collection of road tolls, he disclosed. According to him, the government is fully determined to use all forms of revenue into the road fund to build the infrastructure in the country including revenues from tolls. Answering questions from the MP for the Adaklu, Governs Kwame Agbodza, on the amount of money lost

 

 

to the directive, the Roads and Highway Minister said no revenue was lost. The answer however, did not go down well with the Ranking Member for Roads and Transport Committee who probed further. He said collection of the road tolls was generating some level of revenue to the government contrary to what the Minister wants the House to believe.