The Accra-Kumasi Expressway has secured 100 per cent of its required funding, with the government targeting an official sod-cutting ceremony before the end of 2026.
The revelation marks a major milestone for the long-awaited infrastructure project, which is expected to transform road transportation between Ghana’s two largest commercial centres.
Sources disclosed the funding breakthrough ahead of the presentation of the government’s 2027 Budget and Economic Policy by Finance Minister Dr Cassiel Ato Forson, indicating that the entire capital requirement for the flagship expressway project has been secured.
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According to the information, the project will be financed through pooled domestic oil revenues and royalties, eliminating the need for additional external borrowing to execute the project.
The funding arrangement represents a significant shift in the utilisation of Ghana’s petroleum revenues, with the government opting to channel resources into large-scale national infrastructure rather than distributing them across several smaller projects.
Under the approach, oil revenues and royalties have been consolidated to support the Accra-Kumasi Expressway, which is expected to deliver long-term economic benefits.
The government says the funding has been ring-fenced to ensure the project can proceed without depending on new external loans, potentially reducing exposure to borrowing costs and delays associated with securing foreign financing.
The move is also expected to demonstrate how Ghana’s petroleum resources can be deployed to finance major infrastructure projects with nationwide economic impact.
With the funding requirement secured, the government is targeting the commencement of construction following the necessary right-of-way clearance activities.
The official sod-cutting ceremony is expected to take place before December 31, 2026, paving the way for the next phase of implementation.
The Accra-Kumasi Expressway is expected to significantly improve connectivity between Accra and Kumasi, two of Ghana’s most important economic and commercial hubs.
When completed, the expressway is projected to reduce travel time, lower vehicle operating and maintenance costs, improve road safety and facilitate the movement of goods and services.
It is also expected to strengthen trade between the southern coastal corridor and the middle and northern parts of the country.
Beyond the Accra-Kumasi Expressway, the government is expected to announce another major infrastructure project to be financed through petroleum revenues.
Dr Ato Forson is expected to outline the next flagship investment during his presentation of the 2027 Budget on Thursday, November 12.
The anticipated announcement could signal the government’s intention to continue using oil revenues to finance strategic national infrastructure.
The full funding of the Accra-Kumasi Expressway is therefore being presented as a major step towards addressing Ghana’s infrastructure needs while reducing reliance on external borrowing.