The Minority in Parliament has rejected claims made by Minister of Finance, Dr Cassiel Ato Forson, that the previous Akufo-Addo led administration diverted a whopping $750 million Afreximbank loan meant for specific road projects.

Responding to the allegation in a press statement dated July 28, 2025, the Minority Caucus described the finance minister’s assertion as false, misleading, and politically motivated.

This comes after the finance minister claimed that the previous New Patriotic Party (NPP) government obtained the Afreximbank facility ostensibly for projects like the Ofankor–Nsawam Road and the Suame Interchange, but allegedly used the funds for unrelated expenditures during his presentation of the 2025 Mid-Year Budget Review.

The Minority, however, has strongly rejected this claim.

According to them, the $750 million Afreximbank loan was a multi-purpose infrastructure facility that was transparently approved by Parliament to support several priority road projects nationwide.

“The $750 million Afreximbank loan was not limited to just two projects,” the statement clarified.

“It was designed to support a broader scope of infrastructure works, including the Flowerpot Interchange, the School Junction to Motorway dualisation at Borteyman, and several key bypasses along the Accra-Kumasi corridor such as Osino, Anyinam, Enyiresi, and Konongo,” the statement added.

The Minority further explained that the facility was disbursed in phases, each tied to specific project milestones and monitored through transparent oversight mechanisms.

They accused the current administration of attempting to distort facts for political advantage.

“The loan was structured to be disbursed in phases, each linked to specific project milestones,” the statement clarified.

“It was designed to complement domestic funding sources and ensure continuous progress on key infrastructure,” it added.

They accused the Mahama-led administration of attempting to distort facts for political advantage.

“It is disingenuous for the government to twist a nationally approved infrastructure arrangement just to shift blame or win political sympathy. Let us be truthful to Ghanaians and speak to the facts,” the statement said.

The Minority called on the public to scrutinise such claims carefully and urged the finance minister to desist from politicising national development initiatives.

AS/VPO