Accra–Kumasi Expressway: ‘Promise made, promise fulfilled’ – Ato Forson reveals over $2 billion in BoG safe custody

Minister of Finance, Dr. Cassiel Ato Forson says the money allocated for the construction of the Accra–Kumasi Expressway is readily sitting in a safe custody of the Bank of Ghana.

According to him, as of 11th November 2026, “the project account at the Bank of Ghana held US$2.2 billion and GH¢9 billion, together equivalent to about US$3 billion. The money is in the safe custody of the Bank of Ghana”.  

He emphasised that even “before actual construction of the Accra-Kumasi Expressway begins, the money is ready”. 

“We promised to secure the financing. We have done so. Promise made, promise fulfilled,” the Minister touted.

He seized the moment to “thank the Ghana Armed Forces for the dedication and professionalism they have brought to the Accra-Kumasi Expressway project preparatory works” and stressed that “disciplined savings have been matched by careful project preparation”.  

He indicated that “following detailed feasibility, engineering design, costing, environmental and social studies, the engineer’s construction estimate for the 198.7km, six-lane Accra–Kumasi Expressway now stands at US$2.98 billion. This estimate includes contingencies, supervision, land acquisition and compensation”. 

Narrating how prudent the government has been regarding this road project, Ato Forson stated: “Mr. Speaker, this engineer’s estimate is more than US$1 billion below the initial estimate of about US$4 billion. Tenders have been issued through international competitive tendering, and we expect the process to conclude by the end of this year. Final contract prices will be determined through that competition. All contract awards will require commitment control approval and a value-for money assessment, in full compliance with procurement and public financial management laws.”   

“Every cedi saved is a cedi available for another national priority,” he averred.

“Mr. Speaker, last year, we made a deliberate choice to put Ghana’s resource wealth behind a project that will change how our country moves, trades and grows. With the approval of this House, we dedicated the Annual Budget Funding Amount (ABFA) from petroleum revenues, together with mineral royalties, solely to the Accra–Kumasi Expressway. Through prudent economic management, disciplined savings and efficiency gains, we have accumulated the resources to deliver this project,” Ato Forson recounted on the floor of Parliament.

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