Government earmarks oil, mineral revenues for Western Corridor Railway
The government will use petroleum revenues and mineral royalties in 2027 and 2028 to finance the construction of the Western Corridor Railway Line. The post Government earmarks oil, mineral revenues for Western Corridor Railway appeared first on Ghana Business News .
The Ghana government has allocated petroleum revenues and mineral royalties for the construction of the Western Corridor Railway Line, announced Dr Cassiel Ato Forson, Minister of Finance, during the presentation of the 2027 Budget Statement and Economic Policy to Parliament. The railway will connect Takoradi Harbour in the Western Region to the Nyinahin bauxite enclave in the Ashanti Region, passing through Nsuta and Awaso.
The financing model will mirror that of the Accra-Kumasi Expressway, with proceeds from petroleum revenues and mineral royalties dedicated to the railway project. Dr Forson highlighted that the railway would facilitate the development of Ghana's untapped bauxite and manganese deposits, emphasizing the need for rail infrastructure and energy supply to support local processing of these resources.
The railway project is one of two major infrastructure initiatives the government intends to finance using natural resource revenues, the other being the Accra-Kumasi Expressway. As of November 11, 2026, the dedicated account for the expressway held $2.2 billion and GH¢9 billion. The railway's estimated construction cost stands at $2.98 billion, lower than the initial estimate of about $4 billion.
Dr Forson assured the promise of finance fulfillment for both projects, and savings from the expressway project would fund the construction of the proposed Accra Orbital Expressway.
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