GH¢11 billion earmarked for Accra-Kumasi Expressway in 2025 not yet spent — Controller

The Controller and Accountant-General's Department (CAGD) has dismissed claims that nearly GH¢11 billion allocated for the Accra-Kumasi Expressway project has already been spent, describing reports circulating on social media as a misinterpretation of government accounting procedures.

In a statement issued on July 16, 2026, the Department explained that although the funds have been earmarked for the project, they have not been used for construction or paid to any contractor.

According to the CAGD, the government established Accra-Kumasi Expressway Limited as a Special Purpose Vehicle (SPV) to oversee the implementation of the project. For accounting and funding purposes, the company is classified as a State-Owned Enterprise.

The Department explained that following Parliament's approval of the concession agreement, the government designated proceeds from the Annual Budget Funding Amount and mineral royalties in the 2025 Budget to finance the expressway project.

It noted that the approved funds were transferred from the Consolidated Fund into a dedicated account at the Bank of Ghana, where they remain pending the commencement of project execution.

The CAGD stressed that no portion of the money has been disbursed to contractors or used to finance construction works.

It further clarified that the ongoing clearing of the project's right-of-way by the Ghana Armed Forces is a separate preparatory exercise and is not being funded from the amount allocated for the expressway.

The Department also explained that under public sector accounting rules, transfers made from the central government to government entities outside the central government accounting group are recorded as grant expenditure in the central government's accounts and as grant revenue in the books of the receiving institution.

"This is a standard accounting treatment and does not mean the receiving entity has spent the funds. The same principle applies to transfers made to institutions such as the District Assemblies Common Fund, GETFund, and the National Health Insurance Authority," the statement said.

The Controller and Accountant-General's Department therefore maintained that it is inaccurate to conclude that the funds have already been spent on the project simply because the transfer appears as expenditure in the central government's financial records.

It assured the public that the accounting treatment complies fully with Ghana's Public Financial Management framework and established government accounting standards.