Gov’t pools $3bn at BoG for Accra-Kumasi Expressway without borrowing – Finance Minister

The government has successfully mobilised the full $3 billion required to construct the Accra-Kumasi Expressway without resorting to external or domestic borrowing, the Minister for Finance, Dr. Cassiel Ato Forson, has announced.

Presenting the 2027 Budget Statement and Economic Policy on the floor of Parliament, Dr. Forson disclosed that the administration relied strictly on disciplined fiscal savings and efficiency gains to gather the capital needed to execute the flagship road infrastructure project.

Providing a breakdown of the funds currently sitting in safe custody at the central bank ahead of actual construction works, the Minister revealed that as of November 11, 2026, the dedicated project account at the Bank of Ghana held 2.2 billion US dollars alongside 9 billion Ghana cedis, bringing the combined total to roughly three billion US dollars.

Dr. Forson noted that the achievement underscores the government’s commitment to prudent economic management and honouring its pledges to the Ghanaian people, describing the milestone as a “promise made and promise fulfilled without borrowing.”

He further lauded the Ghana Armed Forces for the dedication and professionalism they have brought to the preparatory phases of the expressway project.

The proposed Accra-Kumasi Expressway is a major infrastructure initiative designed to provide a modern, high-speed, multi-lane dual carriageway linking Ghana’s capital city, Accra, to its second-largest commercial hub, Kumasi.

Once completed, the corridor is expected to drastically cut down travel time between the southern and middle belts of the country, reduce road traffic fatalities on the existing N6 highway, and boost trade and haulage efficiency for landlocked neighbours in the West African sub-region.