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‘Big men’ in Ghana weren’t paying tolls – Kofi Kapito

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Chief Executive Officer (CEO) of the Consumer Protection Agency (CPA), Mr Kofi Kapito has revealed that ‘big men’ were not paying road tolls.

He said the state lost money through the failure of these personalities to pay tolls.

“Big men don’t pay tolls in Ghana so why wont they lose money,” he said on the New Day show on TV3 Friday May 12.

He wondered why the roads were bad although the tolls were being collected.

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“how can you construct toll booth and the road near the booth is nonsense? He asked.

Also contributing on the same show, a private legal practitioner Mr Kwame Jantuah asked the government to account for the road tolls that were collected prior to suspending the collection.

He said the tolls were meant to refurbish the roads. However, these roads have not been in the best of shape.

This, he said, raises questions about what the tolls were used for.

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“ideally, tolls are supposed to be used to maintain the roads but the state of the motorway has been the same,” he said.

“The road tolls that were collected, what have they been used for ?” He questioned.

Road toll collections were suspended after the Finance Minister Ken Ofori Atta announced in the budget statement an end to the collection of the tolls.

During the presentation of the 2022 budget statement to Parliament on Wednesday November 17, he said this takes effect immediately the Budget is approved.

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“A comprehensive review will be conducted after every fifth-year taking into consideration, other factors besides inflation including, improvement in quality of service delivery and privatisation of some of the services, where feasible. Mr. Speaker, our roads need fixing. Our roads are being fixed. It is true that more roads have been fixed and are being fixed over the last five years than any relative period in the entire history of our nation. We even want to do a lot more and this budget will cater for this.

“That is why for decades, Government after Government imposed and maintained tolls on some public roads to raise funds for road construction and maintenance. This is the situation in many countries. However, 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. To address these challenges, Government has abolished all tolls on public roads and bridges. This takes effect immediately the Budget is approved (after appropriation or now?). The toll collection personnel will be reassigned. The expected impact on productivity and reduced environmental pollution will more than off-set the revenue forgone by removing the tolls.”

Source: 3news.com

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Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol

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Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.

This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.

The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.

This temporary intervention will remain in force for a period of one (1) month.

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During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.

A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.

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Ghana to host mining and minerals convention 2025 to shape future of gold industry

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Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.

Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.

The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.

Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.

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Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.

The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).

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