The Chairman of the Public Interest and Accountability Committee (PIAC), Richard Ellimah, has revealed that US$434.55 million of Ghana’s petroleum revenue has been allocated through the Annual Budget Funding Amount (ABFA) to support the government’s “Big Push” infrastructure initiative.
Speaking at the launch of the 2025 PIAC Annual Report in Accra on April 8, Mr. Ellimah said the flagship project under the programme is the Kumasi–Accra Expressway, with funds already transferred to a special purpose vehicle established by the Ghana Infrastructure Investment Fund.
He explained that the funds are currently held at the Bank of Ghana, pending release as feasibility studies for the projects continue. “The funds are held at the Bank of Ghana,” he said.
The 2025 PIAC report also highlights the significant contribution of Ghana’s petroleum sector, which has generated a cumulative US$11.97 billion since 2011, underscoring its central role in national revenue mobilisation despite indications of a gradual decline in production levels.
