Accountant General’s Department dismisses claims that GH¢11bn has been spent on Accra-Kumasi expressway

In a statement, the Department explained that while funds earmarked for the flagship expressway project were transferred from the Consolidated Fund to Accra-Kumasi Expressway Limited, the transfer does not mean the money has been spent on construction.

The CAGD therefore urged the public not to interpret the recording of the transfer as expenditure in Central Government’s accounts to mean that the funds have already been spent on constructing the Accra-Kumasi Expressway.

Under Ghana’s public financial management framework, any transfer from the Consolidated Fund to a 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.