Dr. Mohammed Amin Adam, the minister of finance, has declared that GH¢1.5 billion more has been allocated by the government to settle outstanding claims involving financial management companies.
He also disclosed that the creation of a framework for the reintroduction of road and bridge tolls in 2025 had received approval from the administration.
During the presentation of the mid-year fiscal policy review for 2024 on Tuesday in Parliament in Accra, Dr. Adam made these announcements.
“Mr. Speaker, Cabinet has also granted approval for the disbursement of an additional 1.5 billion Ghana Cedis to settle outstanding claims relating to the financial management companies; the establishment of a framework for the re-introduction of Road and Bridge Tolls in 2025,” he declared.
He also mentioned that the government has approved “the operationalisation of the integrated property tax system; and the amendment of the Fiscal Responsibility Act and reinstate the numeric threshold that was suspended in 2020.”