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Mon, 17 Jun 2024 Feature Article

Incentivise the private sector to self-finance and own a nationwide world-class tolled road network for Ghana

Incentivise the private sector to self-finance and own a nationwide world-class tolled road network for Ghana
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Dear critical-reader, the question to ponder over is: How best can a bankrupted nation (whose currency is king of the world's junk currencies, and is enslaved by its creditors, chief amongst which is the malevolent International Monetary Fund (IMF) and its nations-wrecking bedfellow, the World Bank), sufficiently incentivise the private sector, to self-finance and own a nationwide world-class tolled road network for Ghana?

According to Meta's WhatsApp's AI Llama 3, "Ghana's Roads and Highways Minister, Francis Asenso-Boakye, has begun engaging stakeholders to reintroduce road tolls, citing the need for funds to repair and maintain the nation's roads:

  • Tolls on public roads were stopped in 2021, but the laws supporting toll collection are still in effect.
  • The Minister of Finance announced in 2023 that toll collection would resume in 2024.
  • The minority party in parliament has criticized the government's change in stance on the toll policy."

End of quoted MetaWhatsApp's AI Llama3 response to our prompt on the subject of tolled roads in Ghana.

Dear critical-reader, for the sake of present and future generations of taxpayers in our bankrupted Republic, one hopes that all the members of our nation's hard-of-hearing and criticism-averse political class, will take a simple but effective nation-building idea, on board, as they criss cross the length and breadth of the entire territorial landmass of our benighted Republic, making empty campaign promises they have no intention of keeping, for the December presidential and parliamentary elections:

As wise and aspirational Africans, dear critical-reader, if we want our nation to acquire a network of world-class tolled roads, nationwide (including six-laned concrete motorways linking Accra to all the 16 regional capitals), without recourse to hapless and over-burdened taxpayers, then, it follows, a priori, that ownership of all tolled roads ought to be given out to private sector entities (through transparent public private partnership procurement contracts, bid for by incentivised private sector road construction companies and their foreign technical partners), given 35-year tax holidays, to self-finance the construction of world-class tolled roads nationwide, which they will own and maintain for the incentivised 35-year timeframe. Simple.

We must end the dark era of shoddy road construction fuelled by fat-brown-envelope-kickbacks to greed-filled state-capture rent-seeking big-thieves-in-high-places, which literally force road contractors to vary road construction design quality-metrics, in order to make off-ledger payments that won't eat into their profits. Incentivising the private sector sufficiently, will encourage the road construction sector's best run players to partner credit worthy foreign technical pwrtners to bid to self-finance and own a nationwide world-class tolled road network for Ghana. Full stop. Case closed. A word to the wise...

Which team do you think has the higher chance of winning the 2024 elections?

Started: 02-07-2024 | Ends: 31-10-2024

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