President John Dramani Mahama has stated that the government is financing the Accra-Kumasi Expressway project with its own funds, stressing that Ghana has not borrowed money specifically to finance the major road project.

“This is our own money. We have not gone anywhere to borrow money to finance this project,” President Mahama said while speaking about the Accra-Kumasi Expressway.

Government Says Expressway Is Being Self-Financed

The President’s comments highlight the government’s position that funding for the Accra-Kumasi Expressway is coming from domestic resources rather than a dedicated external loan.

The statement is significant amid ongoing discussions about Ghana’s infrastructure financing and the country’s approach to funding major development projects.

Accra-Kumasi Expressway to Improve Connectivity

The expressway is expected to improve transportation along the important Accra-Kumasi corridor, which connects two of Ghana’s largest economic centres.

Once completed, the project is expected to improve the movement of passengers and goods, reduce travel difficulties, and strengthen connectivity between communities and commercial centres along the route.

Potential Boost for Trade and Economic Activity

The Accra-Kumasi corridor plays an important role in Ghana’s economy, supporting the movement of agricultural produce, manufactured goods, and other commodities between different parts of the country.

Improved road infrastructure could help businesses reduce transportation challenges while making the movement of goods more efficient.

Mahama Highlights Infrastructure Financing Approach

President Mahama’s remarks also draw attention to the government’s broader approach to infrastructure development and financing.

The administration has repeatedly emphasized the importance of investing in critical infrastructure to support economic growth, create employment opportunities, and improve living conditions.

Project Expected to Support National Development

Beyond reducing travel time, the Accra-Kumasi Expressway is expected to contribute to Ghana’s long-term development by strengthening the country’s road transportation network.

The project is also expected to support economic activity along the corridor and improve access between major urban and commercial centres.

Public Interest in the Project

The President’s comments are likely to generate further public discussion about how major infrastructure projects are financed and the impact of such investments on Ghana’s economy.

As work progresses, attention will remain on the implementation, financing, timelines, and eventual benefits of the Accra-Kumasi Expressway.