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CAGD denies claims that GH¢11 billion has been spent on Accra Kumasi Expressway
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The Controller and Accountant General’s Department (CAGD) has dismissed claims circulating on social media that the government has already spent nearly GH¢11 billion on the Accra Kumasi Expressway project even though major construction has not begun.
In a statement, the department explained that the claim was based on a misunderstanding of government accounting procedures.
According to the CAGD, the Accra Kumasi Expressway is one of the government’s flagship infrastructure projects.
To ensure steady financing and avoid delays and cost overruns, the government, through the Ghana Infrastructure Investment Fund (GIIF), established Accra Kumasi Expressway Limited as a Special Purpose Vehicle (SPV) to implement the project.
The department said Parliament approved the use of proceeds from the Annual Budget Funding Amount (ABFA) and mineral royalties in the 2025 Budget to finance the project. It added that the approved funds were transferred from the Consolidated Fund into a dedicated Bank of Ghana account.
However, the CAGD stressed that the money has not been paid to any contractor and has not been used for construction works.
According to the statement, the funds remain in the dedicated Bank of Ghana account and will only be used when the project moves into the execution stage.
The department also clarified that the ongoing right of way clearing by the Ghana Armed Forces is a separate preparatory activity and is not being financed with the earmarked funds.
Explaining the accounting treatment, the CAGD said government operates through three levels: Central Government, Local Government and Government Business Entities, including State Owned Enterprises such as Accra Kumasi Expressway Limited.
It noted that under public financial management rules, transfers from the Consolidated Fund to government entities outside the Central Government accounting group are recorded as grant expenditure in the books of Central Government and as grant revenue in the books of the receiving entity.
The department said this is a standard accounting practice and does not mean the receiving entity has spent the money.
It added that the same accounting principle applies to transfers made to institutions such as the District Assemblies Common Fund, GETFund and the National Health Insurance Authority.
The CAGD therefore urged the public not to interpret the accounting records as evidence that the funds had already been spent on the Accra Kumasi Expressway project.
It assured Ghanaians that the accounting treatment for the project is fully consistent with the country’s Public Financial Management framework and established government accounting standards.
By: Jacob Aggrey
President John Dramani Mahama has called on former Finance Minister Ken Ofori-Atta to return to Ghana and face the legal processes surrounding the investigations involving him.
Speaking on the process of extraditing fugitives during his Resetting Ghana Tour in the Volta Region today, Mr. Mahama explained that bringing a person back from another country is a legal matter that must follow international procedures and respect the rights of the individual.
He noted that extradition can only take place if Ghana has an extradition treaty with the country where the individual is staying.
According to him, the requesting country must file an application, after which the person has the right to challenge the request before a judge.
“The person has the right to take a lawyer, go before a judge, and if he doesn’t want to come, he can argue against coming,” the President stated.
Mr. Mahama disclosed that the Attorney General’s Department has already filed an extradition application and is submitting additional documents requested by the relevant authorities.
He added that the matter will eventually be determined by an American judge, who will decide whether Mr. Ofori-Atta should be returned to Ghana.
The President appealed directly to the former Finance Minister to return voluntarily.
Recalling events during Mr. Ofori-Atta’s tenure in office, Mr. Mahama referred to a period when more than 80 Members of Parliament from the then governing New Patriotic Party called for his removal.
He noted that the former minister had responded by saying he was like a father who could not abandon his children.
Drawing on that statement, the President urged him to come back to Ghana.
“We are begging you, Father, come back. Your children are calling you to come back,” Mr. Mahama remarked.
He questioned why someone who believes he has done nothing wrong would leave the country, adding that the legal process should be allowed to take its course.
Mr. Mahama, however, stressed that the matter remains before the courts and will proceed according to the law.
By: Jacob Aggrey
President John Dramani Mahama has stated that the mandate given to him by Ghanaians is for one term, adding that his administration is focused on delivering on the promises made to the people.
Speaking during his ‘Resetting Ghana Tour’ in the Volta Region on Friday, July 17, President Mahama addressed the issue of the ongoing debate over a possible third term, the President maintained that his priority is to fulfil his campaign commitments rather than speculate about another term in office.
“The people of Ghana gave me a mandate for one term, and I am working hard to meet the promises I made them,” he stated. He added that he constantly reminds his ministers to “number our days” so they remain focused on delivering results before the end of their time in office.
Mr. Mahama acknowledged that some individuals have gone to the Supreme Court to seek an interpretation of the constitutional provisions governing the tenure of the President.
He indicated that seeking the court’s interpretation is within their rights but expressed the view that the constitutional provision is already clear.
“If you ask my personal opinion, I believe it is clear. I’ve read it several times, and it says exactly what it means,” the President remarked.
He reiterated that, in his view, Ghanaians have given him one additional term and stressed that he intends to use that period to honour the trust placed in him by the electorate.
By: Jacob Aggrey
