A professor at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has backed government on its quest to increase the levy on road tolls to be able to generate more funds for nation building.
He was speaking at a virtual seminar on the 2021 national budget at the Ghana National Chamber of Commerce and Industry on the theme “2021 National Budget; Prospects for Recovery, Resilience and Competitiveness for Private Sector Growth.”
Professor Quartey was of the view that despite the need for government to improve on the toll systems in the country, the levy, when increased, will bring more revenue, and relieve government from the pain of going to the capital market for borrowing, which he believes has it’s own implications including high interest rates.
He however called on the Customs Service and other institutions to invest in automation in order to reduce the human interface which gives avenue for corruption and negotiations.
Professor Peter Quartey expressed hope in the 2021 Budget and called for concerted efforts and sacrifice to minimize corruption and waste of revenues.