Rural banks urged to leverage GhanaPay for growth

The Controller and Accountant-General's Department (CAGD) has moved to clarify the accounting treatment of funds earmarked for the Accra-Kumasi Expressway, dismissing social media claims that the government has spent almost GH¢11billion on the project despite construction not having started.

Construction of the first phase of the 1,500-megawatt Buipe solar power project under the Government's 24-Hour Economy and Accelerated Export Development (24H+) Programme will commence next month, Presidential Adviser on the 24-Hour Economy and Accelerated Export Development, Hon. Augustus Goosie Tanoh, has announced.

The Controller and Accountant-General’s Department (CAGD) has dismissed claims circulating on social media that Government has already spent almost GH¢11 billion on the Accra-Kumasi Expressway project, describing the assertion as a misunderstanding of Government accounting procedures.

Fraud within Ghana’s traditional banking sector declined sharply in 2025, but a surge in electronic fraud at Payment Service Providers (PSPs) pushed overall financial sector fraud to a record high.