Accra–Kumasi Expressway to be fully funded by end of 2026 without loans – Ato Forson
The Finance Minister says $1.7bn has already been deposited at the Bank of Ghana, while military engineers have cleared 170km of the proposed 176km route.
Ghana expects to secure the full amount required to construct the Accra–Kumasi Expressway by the end of 2026 without borrowing, Finance Minister Dr Cassiel Ato Forson has announced.
Dr Forson said $1.7bn had already been secured and deposited in an account at the Bank of Ghana ahead of the start of construction.
“By the end of this year, the full funding for the transformational Accra–Kumasi Expressway will be ready,” he said.
“This could be the first time funds for a project of this scale have been fully secured before construction begins. For the avoidance of doubt, not a single pesewa will be borrowed for this project.”
The minister did not disclose the expressway’s total estimated cost or identify the sources from which the remaining funding would be obtained.
He first announced during the 2026 Mid-Year Fiscal Policy Review that $1.7bn had been placed in an account at the central bank for the project.
Preparatory work on the proposed 176km route is also nearing completion, according to the Ghana Armed Forces.
Military engineers have cleared 170km of the route, leaving six kilometres of terrain to be completed before the exercise ends.
“The finish line is in sight. Out of 176 kilometres of challenging terrain, just six kilometres remain,” the Armed Forces said.
“The elite Ghana Armed Forces Engineers have pushed through with absolute grit. The race to Sawua is almost won.”
Dr Forson congratulated the military on the work carried out so far.
“Hearty congratulations to our indefatigable army on a stellar job,” he said.
The military was deployed to clear the proposed route while Dr Forson was serving as Acting Minister for Defence.
The planned Accra–Kumasi Expressway will be a six-lane, bidirectional road linking Ghana’s two largest cities.
The government expects it to shorten travel times, reduce congestion and support economic activity along the corridor. These remain projected benefits because construction has not yet begun.
Dr Forson’s pledge means the government is expected to explain by the end of 2026 how the full cost has been secured without adding to Ghana’s borrowing.
The next steps will include completing the remaining six kilometres of route clearance, confirming the full financing package and announcing a construction timetable.