The Controller and Accountant-General’s Department (CAGD) has refuted claims on social media about the department spending close to GHC 11 billion on the Accra-Kumasi Expressway project even though the main construction works have not started.
In a statement released on July 16,2026,CAGD explained that the claim is based on a misunderstanding of the government’s accounting procedures and that no expenditure of that sort has been made.
CAGD explained that even though the project was earmarked for payment by government with proceeds from the Annual Budget Funding Amount and mineral royalties in the 2025 Budget, the funds are yet to be paid to any contractor spent on construction works.
It further added that the project is and will still be held in the dedicated Bank of Ghana account and will only be used pending the execution of the project.
It also added that even though the Accra-Kumasi Expressway Limited has been established, the company is classified as a State-Owned Enterprise for funding and accounting purposes.
CAGD further explained that under government accounting rules, any transfer of money from Central Government to another 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. This, the department said, is a standard accounting treatment and does not mean the receiving entity has spent the funds.
“The CAD also wishes to clarify that Government operates at three levels: Central Government (comprising Ministries, Departments and Agencies (MDAs)), Local Government (comprising Metropolitan, Municipal and District Assemblies (MMDAs)) and Government Business Entities (comprising State-Owned Enterprises (SOEs), where the Accra-Kumasi Expressway Limited falls). Under Government accounting rules, every transfer of money from Central Government (the Consolidated Fund) to another Government entity outside the Central Government accounting group (MDAs) is recorded as Grant Expenditure in the books of Central Government and as Grant Revenue in the books of the receiving entity.”
The Controller and Accountant-General’s Department then assured the public that the accounting treatment applied to the Accra-Kumasi Expressway project is fully consistent with Ghana’s Public Financial Management framework and established Government accounting standards.
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