CAGD denies spending GH¢11bn on Accra-Kumasi Expressway, says funds remain untouched
The Controller and Accountant-General’s Department (CAGD) has dismissed claims that the government has spent nearly GH¢11 billion on the Accra-Kumasi Expressway project despite major construction works yet to begin.“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,” it stated.
The CAGD explained that the amount was transferred from the Consolidated Fund into an account managed by the Accra-Kumasi Expressway Limited, a Special Purpose Vehicle (SPV) established by the Ghana Infrastructure Investment Fund (GIIF) to oversee the implementation of the project.
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