$2bn secured to finance Accra-Kumasi Expressway, no borrowing involved – Mahama

President John Dramani Mahama announced that $2 billion has been secured to fund the construction of the Accra-Kumasi Expressway, ensuring the project will not be delayed due to financial constraints. The funds, derived from taxpayers, have been deposited into a specialized account at the Bank of Ghana to ensure timely disbursements to the contractor throughout the project. The government aims to honor all payments to the contractor on time to prevent any disruptions to the construction process.

Speaking at the ceremony marking the handover of the 175.6-kilometer cleared right-of-way for the project on Monday, September 14, Mahama emphasized that the money is the taxpayers' money, and they have not resorted to borrowing from any external sources. Finance Minister Dr. Cassiel Ato Forson separately assured the public that the complete amount necessary for the project will be available by December 31, 2026, with the government firmly stating that they will not engage in borrowing to finance the expressway.

Moreover, Mahama directed the Roads and Highways Minister to include the Ghana Armed Forces Engineers Regiment as a key subcontractor alongside the main contractor, further boosting the project's workforce and resources.