Ghana Road Fund generates GH¢209m revenue in 2011

Revenue accruing to the Ghana Road Fund increased from GH¢182 million in 2010 to GH¢209 million in 2011, Mr Joe Gidisu, Minister of Roads and Highways, has said.

He said despite this financial achievements, the Fund carried forward an indebtedness of GH¢180 million from 2011 to 2012, increasing the previous year’s indebtedness by GH¢106 million.

This was said in an address read for him by Dr Nii Quaye-Kuma, Deputy Minister of Roads and Highways, at a public forum on financing road maintenance organized by the Ghana Road Fund Management Board at Takoradi.

He said the burden of road maintenance must become a shared responsibility between government who constructs the roads and the road user.

Mr Gidisu said revenue accruing into the Fund are to be exclusively dedicated to routine and periodic maintenance of the country’s road network.

He said the Road Fund Act specifies the derivation of funds from levy on fuel, fees from registration of vehicles, Road User Fees, road tolls, bridge tolls, ferry tolls and international transit fees.

Mr Gidisu said the capacity of the Fund could sustain only 60 per cent of the country’s road maintenance needs and certificate for works done by road contractors are paid from the Fund.

Source: GNA