{
  "id": 19699603,
  "title": "2027 Budget: Government Secures $3bn for Accra–Kumasi Expressway Without Borrowing",
  "url": "https://urgent.news/2026/11/12/2027-budget-government-secures-3bn-for-accra-kumasi-expressway",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T20:14:49.000Z",
  "source": {
    "name": "GBC Ghana",
    "slug": "gbc-ghana",
    "url": "https://www.gbcghanaonline.com/news/2027-budget-government-secures-3bn-for-accra-kumasi-expressway-without-borrowing/2026/"
  },
  "original_language": "en",
  "account": "In a significant budget announcement, the Government secured approximately $3 billion to fund the construction of the Accra–Kumasi Expressway without resorting to borrowing, as reported by Finance Minister Dr Cassiel Ato Forson on November 12, 2026. The project, which will span 198.7 kilometers and feature a six-lane highway, was disclosed to have a revised estimated cost of $2.98 billion, a significant reduction from the initially projected $4 billion. Dr Forson attributed the savings to careful project preparation and cost management. Funding for the project will primarily come from petroleum revenues and mineral royalties, complemented by savings generated through prudent economic management. As of November 11, 2026, the project's account at the Bank of Ghana held $2.2 billion and GH¢9 billion, equivalent to $3 billion. The funds were secured prior to the commencement of construction, affirming the government's commitment to fulfilling its promise of financing the expressway without borrowing. The engineering estimate includes contingencies, supervision, and $200 million in compensation. Tenders for the project have been issued through an international competitive bidding process, with the final contract price expected to be determined through the competitive tendering process.",
  "summary": "By Osei-Tutu Esther Kumah Government has announced that it has secured approximately 3 billion US dollars to finance the construction of the Accra–Kumasi Expressway without resorting to borrowing. Presenting the 2027 Budget Statement to Parliament on Thursday, November 12, 2026, Finance Minister Dr Cassiel Ato Forson said the project would be funded through petroleum revenues […]",
  "key_points": [
    "Government secures $3bn for Accra–Kumasi Expressway without borrowing.",
    "Project cost reduced to $2.98bn from initial $4bn projection.",
    "Funding from petroleum revenues, mineral royalties, and economic savings."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}