The Ghanaian government has deposited $1.7 billion (approximately GHS 20.4 billion) at the Bank of Ghana to finance the Accra-Kumasi Expressway. This substantial allocation, confirmed by Finance Minister Dr. Cassiel Ato Forson, is a critical step for the flagship project under the Big Push Infrastructure Programme.
The funds were ring-fenced, meaning they are specifically reserved for this project. They will be used only after the main construction contract is officially awarded. Dr. Forson made this announcement during the presentation of the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, July 24, 2026.
This investment underscores the government's commitment to modernising Ghana's transport infrastructure. The Accra-Kumasi Expressway is central to improving connectivity between the nation's two largest economic hubs. Enhanced road networks are vital for facilitating trade, reducing logistics costs, and supporting broader economic growth across the country.
Finance Minister Dr. Cassiel Ato Forson stated that as of July 22, 2026, the $1.7 billion had been deposited into a dedicated account at the Bank of Ghana. He further explained that feasibility studies and detailed engineering designs are expected to conclude by the end of August 2026. This will pave the way for the procurement process for the main construction contract, scheduled to commence in September 2026.
The 176-kilometre, six-lane bidirectional expressway is designed to significantly reduce travel time between Accra and Kumasi to about two hours. It will also improve road safety, ease traffic congestion, and lower transport costs for goods and people. The project will feature modern interchanges, bridges, intelligent transport systems, and electronic tolling. Emergency response facilities and rest areas will also be included along the route.
The Ghana Armed Forces have already cleared 122 kilometres, which is about 70 percent, of the 120-metre-wide Right-of-Way for the expressway. This clearing work was completed within 12 weeks, with the entire corridor expected to be cleared by early September. Compensation assessments, environmental studies, and engineering designs are progressing simultaneously to ensure the project stays on track.
This massive infrastructure undertaking is expected to have significant economic implications. Reduced travel times and improved connectivity will boost productivity and facilitate the movement of agricultural produce and manufactured goods. It will also attract further investment into the regions it connects, stimulating job creation and local economic development. The project's successful implementation will serve as a benchmark for future large-scale infrastructure initiatives in Ghana.
Decision-makers and financial markets will closely monitor the progress of this project. Its timely completion will demonstrate the government's capacity to deliver on major development promises. The expressway is a key component of Ghana's long-term economic strategy, aiming to transform the country's infrastructure landscape and support sustainable growth for decades to come.