Accra-Kumasi Expressway: GH¢11b project funds still in BoG account — CAGD

“To avoid the delays, funding challenges and cost overruns that have affected similar projects in the past, government — acting through the Ghana Infrastructure Investment Fund (GIIF) — established the Accra-Kumasi Expressway Limited, a Special Purpose Vehicle (SPV), to implement the project.“It is, therefore, incorrect to conclude that because the transfer appears as expenditure in the accounts of central government, the funds have already been spent on the construction of the Accra-Kumasi Expressway,” the statement said.

The Controller and Accountant-General’s Department (CAGD) says no funds meant for the Accra-Kumasi Expressway project have been expended so far, paid to any contractor or spent on the construction works.