Dr. Cassiel Ato Forson secures $3bn for Accra–Kumasi Expressway

Finance Minister Dr. Cassiel Ato Forson has announced that the government has secured approximately $3 billion to fund the construction of the Accra–Kumasi Expressway. Presenting the 2027 budget, the Minister revealed that the 198.7-kilometre project will be financed entirely without borrowing. Instead, the government is utilizing dedicated petroleum revenues, mineral royalties, and savings achieved through diligent economic management to complete one of the country's most significant infrastructure projects.

The revised construction cost for the expressway is now estimated at $2.98 billion, which is over $1 billion less than initial projections. As of November 11, 2026, the project account at the Bank of Ghana already held $2.2 billion and GH₵9 billion. This internal funding strategy is designed to deliver critical infrastructure while protecting the national debt profile, ensuring that the development does not add to the country's external financial obligations.

Dr. Forson confirmed that all necessary feasibility studies and engineering designs have been completed. Tenders for the project have already been issued, and the procurement process is expected to conclude by the end of 2026. Following the conclusion of the tendering phase, contracts will be awarded, and construction is expected to commence immediately to improve the vital link between Ghana’s two largest cities.

The Accra–Kumasi Expressway is expected to directly benefit over 10 million people by significantly reducing travel times, lowering vehicle operating costs, and enhancing road safety along the busy corridor. By leveraging domestic revenue streams, the government aims for this project to serve as a sustainable model for future large-scale infrastructure developments across the country.