The government has unveiled an ambitious plan to construct the long-awaited Accra–Kumasi Expressway entirely from internally generated funds, without taking on new loans.

Speaking at the Ishmael Yamson & Associates Business Roundtable on Thursday, May 28, 2026, Cassiel Ato Forson disclosed that the Accra–Kumasi Expressway is expected to cost about $4 billion but expressed confidence that the project could be fully financed without resorting to borrowing by 2027.

“Granted, the Accra-Kumasi Expressway is going to cost us $4 billion. We’ll fund it without borrowing. 2025, 2026, 2027, we’ll be able to have $4 billion to link Accra to Kumasi,” he said.

Forson explained that the government has shifted its strategy on oil revenue usage after years of spreading the funds too thinly across various expenditures with little visible impact.

He noted that new legislation now directs petroleum revenues exclusively toward infrastructure development.

“We’ve said that use Ghana’s oil revenue only for infrastructure use. And it’s the responsibility of the government of the day that, at least for the next four years, you need to earmark all this oil revenue for one major infrastructure and name it as such,” he stated.

According to the minister, Ghana earned about $500 million from oil in 2025, supplemented by another $500 million from mineral royalties due to high gold prices. These funds, along with projected revenues, are being channelled into the expressway.

Forson was critical of previous spending habits, saying the government has ended the use of oil money for travel, conferences and other recurrent expenses.

“All of that, we’ve stopped it. And we are targeting major infrastructure. After 2027, we’ll target another project. And gradually, we’ll build the country going into the future,” he added.

NA/AM