The Ghanaian government has reaffirmed its commitment to completing the second phase of the Kumasi market redevelopment project. According to Mr. Ofori-Agyemang Boadi, the Mayor of Kumasi, the project remains a top priority under President John Dramani Mahama's Resetting Ghana agenda. The completion of the project is expected to alleviate congestion in Kumasi's Central Business District and provide enhanced facilities for traders and users.
The Kumasi market redevelopment project, which stalled, is set to resume in October 2026. Contractors will restart work following consultations with stakeholders and the Ministry of Finance. The government has allocated GHS 89 million, generated from Phase I of the project, to unlock progress. A stakeholders' engagement was held to review the project's state, discuss funding, address concerns, and chart a course towards completion.
The GHS 89 million revenue from Phase I is insufficient to deliver Phase II in its original form. However, the Kumasi assembly expects the true value of shops and facilities to be reflected in associated charges. The Mayor highlighted concerns regarding rent and premium payments, noting that initial arrangements were for Phase I proceeds to support subsequent phases. Insufficient revenue led to delays and additional government support.
The Mayor reminded stakeholders that the initial five-year premium period has elapsed. He urged traders with arrears to settle their obligations by December 31, 2026, warning that failure to pay could result in losing their shops. Oheneba Owusu Afriyie IV, the Apagyahene, representing the Asantehene, noted that Otumfuo Osei Tutu II was assured that Phase I proceeds would finance subsequent phases.
The Apagyahene urged traders indebted to the premium scheme to honour their commitments. He called on the government to ensure fairness and transparency in allocating shops and facilities, avoiding partisanship. Kumasi serves as a major commercial hub, and completing Phase II will consolidate the city's standing as a key destination for trade and commerce.
The completion of the Kejetia Market project is expected to have a positive impact on the local economy. The project will provide enhanced facilities for traders, improve business and economic activities, and alleviate pressure and congestion within Kumasi's Central Business District. The government's commitment to completing the project is seen as a boost to the city's commercial activities.
Stakeholders have been urged to cooperate to ensure the project's successful completion. The government's allocation of GHS 89 million and the resumption of work by contractors are seen as positive steps towards completing the project. The project's completion is expected to be a major achievement for the government and a boost to Kumasi's economy.
Key points
- The Ghanaian government has prioritized the completion of the Kumasi market redevelopment project.
- The project is expected to alleviate congestion in Kumasi's Central Business District and provide enhanced facilities for traders and users.
- Contractors are set to resume work in October 2026, following consultations with stakeholders and the Ministry of Finance.
