Finance Minister Dr Cassiel Ato Forson has announced that the government expects to have the full funding for the construction of the Accra-Kumasi Expressway secured by the end of 2026, insisting that no borrowing will be required to finance the project.
His announcement comes as the Ghana Armed Forces makes progress in clearing the route for construction of the major highway.
In an update, the Ghana Armed Forces said only six kilometres remained to be cleared out of the 176-kilometre stretch assigned to its engineers.
“The finish line is in sight. Out of 176 kilometres of challenging terrain, just six kilometres remain. The elite Ghana Armed Forces Engineers have pushed through with absolute grit. The race to Sawua is almost won,” the Armed Forces stated.
The military was deployed to undertake the route-clearing exercise during Ato Forson’s tenure as Acting Minister for Defence.
Reacting to the progress in a post on his X page on Friday, September 4, 2026, the Finance Minister said the government was on course to secure the remaining funds needed for the project.
According to him, the financing arrangement would be significant because the full cost of an infrastructure project of such scale could be secured before construction begins, without resorting to borrowing.
“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,” he said.
He added that the government expects the entire funding package to be ready before the end of the year.
“By the end of this year, the full funding for the transformational Accra-Kumasi Expressway will be ready,” he stated.
The government had earlier disclosed that a substantial portion of the financing had already been secured.
During the Mid-Year Fiscal Policy Review in July 2026, Ato Forson announced that US$1.7 billion had been secured and deposited into an account at the Bank of Ghana pending the commencement of the project.
The Accra-Kumasi Expressway is planned as a six-lane, bidirectional highway linking Ghana’s two major cities.
The project is expected to improve connectivity between Accra and Kumasi, reduce congestion and travel times, while supporting economic activity along the corridor.
With only a small portion of the route still awaiting clearance and the government targeting completion of the financing arrangements by December, attention is now shifting towards the start of construction.
