The Controller and Accountant-General's Department has clarified that the nearly GH¢11 billion earmarked for the Accra-Kumasi Expressway project has not been spent on construction, contrary to claims circulating on social media.
In a press release dated July 16, 2026, the CAGD said the claims are based on a misunderstanding of government accounting procedures.
It said ongoing preparatory works being handled by the Ghana Armed Forces is separate and not being funded from the GH¢11 billion earmarked in 2025.
According to the Controller, the government established the Accra-Kumasi Expressway Limited, a Special Purpose Vehicle (SPV), to implement the project.
It said the company is classified as a State-Owned Enterprise for funding and accounting purposes.
Following Parliament's approval of the concession, it said the government earmarked proceeds from the Annual Budget Funding Amount and mineral royalties in the 2025 Budget to finance the project.
The approved funds were transferred from the Consolidated Fund into a dedicated Bank of Ghana account.
The CAGD emphasised that these funds have not been paid to any contractor or spent on construction works. They remain in the dedicated Bank of Ghana account pending project execution.
The ongoing right-of-way clearing by the Ghana Armed Forces is a separate preparatory activity and is not being financed from these funds.
The CAGD further explained that under government accounting rules, every transfer of money from central government to another government entity outside the central government accounting group is recorded as grant expenditure in the books of central government and as grant revenue in the books of the receiving entity.
"This is a standard accounting treatment and does not mean the receiving entity has spent the funds. The same principle applies to transfers made to institutions such as the District Assemblies Common Fund, GETFund, and the National Health Insurance Authority," the statement read.
The Controller said that it is incorrect to conclude that because the transfer appears as expenditure in the accounts of central government, the funds have already been spent on construction.
The Controller and Accountant General assured that the accounting treatment is fully consistent with Ghana's Public Financial Management framework and established Government accounting standards.
