Former Minister of Roads and Highways, Francis Asenso-Boakye, has reacted to President John Dramani Mahama’s claim that the loan contracted for the Ofankor-Nsawam Road project had been exhausted, with the project still not completed.

Addressing the media when he visited the site of the project on Wednesday, September 3, 2025, President Mahama said that he cannot comprehend why the project is still ongoing despite the amount of money spent on it.

He indicated that not only was the project incomplete but that the government has had to pay an extra amount of money to have it completed.

“A loan was taken for this project. I don’t understand why the money is finished, and the project is not over, and we are having to come and pay supplementary, almost GH¢78 million of the Government of Ghana funds,” he said, indicating that funds used for the project would be probed.

Mahama fumes over 'finished' loan taken for uncompleted Ofankor-Nsawam Road project

In a post shared on Facebook on Wednesday, Asenso-Boakye, who is the Member of Parliament (MP) for Bantama, stated that the president's claim was misleading, describing it as “an unfortunate attempt to misrepresent well-established facts for political gain.”

He explained that the total cost of the Ofankor-Nsawam Road project was $346.4 million, and the government contracted a loan of $200 million from Afreximbank for the project.

He added that the government was to cover the remaining cost of the project, $146.4 million.

“The Afreximbank facility was always designed as a partial financing instrument, with the balance to be covered through Government of Ghana budgetary allocations.

“For the President to suggest that the funds have been exhausted without the project being completed is simply inaccurate, unless he has been wrongly briefed. He knows very well that the Afreximbank facility did not represent the full financing requirement,” he claimed.

View the MP’s post below:



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