The government disputes spending GH¢11 billion on the Accra-Kumasi Expressway

Claims that the Accra-Kumasi Expressway project has cost close to GH¢11 billion have been formally refuted by the government. Felix Kwakye Ofosu, a spokesperson, confirmed that the money is still in a designated Bank of Ghana account and asked the public to disregard these false social media rumors.

According to the Controller and Accountant-General's Department (CAGD), a misconception about government accounting is the root of the issue.

The government established the Accra-Kumasi Expressway Limited, a Special Purpose Vehicle, to oversee the project in order to guarantee efficiency. Mineral royalties and funds from the Annual Budget Funding Amount were moved from the Consolidated Fund to this particular account.

But the CAGD stressed that no contractor has received a single cedi for construction work. Standard public financial management regulations simply record these transfers as revenue for the receiving body, even though they appear as expenditures in central government accounting.

The National Health Insurance Authority and the District Assemblies Common Fund follow similar protocols. Until the project's implementation begins, the government maintains its commitment to it and guarantees the public that the funds will be kept secure.

Source: www.metreotvonline.com