The government says it has secured approximately US$3 billion to finance the construction of the Accra-Kumasi Expressway without resorting to borrowing.

Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026, Finance Minister Dr Cassiel Ato Forson said the funds had been mobilised through petroleum revenues, mineral royalties, prudent economic management, disciplined savings and efficiency gains.

He said that, with Parliament’s approval, the government had dedicated its annual budget allocation from petroleum revenues, together with mineral royalties, exclusively to financing the expressway project.

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Providing an update on the project, Dr Ato Forson disclosed that its dedicated account at the Bank of Ghana held US$2.2 billion and GH¢9 billion as of Wednesday, November 11, 2026, bringing the combined value of the funds to approximately US$3 billion.

He assured Parliament that the money was in the custody of the central bank and would be available before construction begins.

“The money is in the safe custody of our central bank,” he said.

The Finance Minister said the government had fulfilled its commitment to secure funding for the project without resorting to borrowing.

“We promised to secure the financing. We have done so. Promise made, promise fulfilled without borrowing,” he said.

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He also commended the Ghana Armed Forces for their dedication and professionalism in undertaking preparatory works for the project.

AS/MA

Dr Cassiel Ato Forson presents the 2027 Budget Statement and Economic Policy