Ghana Secures 3 Billion Dollars For Accra Kumasi Expressway Without Borrowing

Ghana government has secured approximately US 3 billion dollars to finance construction of the Accra Kumasi Expressway without taking on new borrowing, Finance Minister Dr Cassiel Ato Forson has told Parliament. Presenting the 2027 Budget Statement and Economic Policy on Thursday, November 12, 2026, Dr Ato Forson said the funding had been assembled through petroleum revenues, mineral royalties, prudent economic management, disciplined savings and efficiency gains. The report was published on Thursday, November 12, 2026. The news has sparked huge hope across Ghana. Many Ghanaians say the road must be built well.

According to a report by Ghana Guardian, the government had, with Parliament approval, allocated its annual share of petroleum revenues and mineral royalties exclusively to the expressway project. The report was published on Thursday, November 12, 2026. The report said the money is for the road alone. The report said the money will not be diverted. The report said the money shows discipline. The report said the money shows planning.

Giving an update on the project financing, Dr Ato Forson said the dedicated account at the Bank of Ghana contained US 2.2 billion dollars and GH 9 billion cedis as of Wednesday, November 11, 2026. According to a report by Ghana Guardian, together, those funds were worth approximately US 3 billion dollars. The report said the money is ready. The report said the money is safe. The report said the money is in the central bank. The report said the money will be available before construction begins.

He assured MPs that the money was being held by the central bank and would be available before construction work begins. According to a report by Ghana Guardian, he said the money is in the safe custody of our central bank. The report said MPs welcomed the news. The report said MPs asked for timelines. The report said MPs asked for quality. The report said the road must last long.

The Finance Minister said the government had now delivered on its pledge to arrange funding for the major road project without relying on borrowing. According to a report by Ghana Guardian, he said we promised to secure the financing, we have done so, promise made, promise fulfilled without borrowing. The report said the promise was key. The report said the promise built trust. The report said the promise shows Ghana can fund its own projects. The report said the promise must lead to work on the ground.

The Accra Kumasi Expressway is one of Ghana most important road projects. According to a report by Ghana Guardian, the road links the capital to the Ashanti Region. The report said the road carries heavy traffic. The report said the road carries traders. The report said the road carries farmers. The report said the road carries students. The report said a new expressway will cut travel time.

In an interview with Ghana News Agency, an official of the Ministry of Roads and Highways said the expressway will be modern. The official said the expressway will have safety features. He said the expressway will reduce accidents. He said the Ghana News Agency report shows that government wants quality roads.

Speaking to Joy News, Dr Forson said Ghana must use its own resources for development. He said Ghana must not borrow for every project. He said Ghana must save and invest wisely. He said the Joy News interview shows that the 2027 Budget is about self reliance.

Madam Efua Mensah at Accra said she sells food at Accra Central Market every day. She said she travels to Kumasi for goods. She said the current road is slow. She said she hopes the expressway will make travel faster and safer.

Mr. Kwame Boateng at Kumasi said he is a driver in Kumasi. He said drivers in Kumasi suffer on the Accra road. He said drivers face traffic and potholes. He said he hopes the expressway will help drivers and save fuel.

Mr. Ibrahim Musa at Tamale said he is a teacher in Tamale in the Northern Region. He said teachers in Tamale travel to Accra for training. He said the road is long and tiring. He said he hopes the expressway will make journeys easier.

According to a report by Ghana Guardian, the expressway is part of the New Economy programme. The report said the programme is worth 10 billion dollars. The report said the programme will build infrastructure. The report said the programme will create jobs. The report said the programme will boost trade. The report said the programme will connect regions.

The Ministry of Finance called on all Ghanaians to support the expressway project. The Ministry said the funds are secured. The Ministry said construction must start on time. The government asked all Ghanaians to support efforts to build modern roads and grow the economy.

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