The Ghanaian government has committed GH¢685 million to complete the Kejetia Market Phase Two project in Kumasi. Finance Minister Dr. Cassiel Ato Forson announced this allocation as part of the 2027 Budget Statement and Economic Policy presented to Parliament on November 12, 2026. The funds are part of a larger GH¢17.6 billion allocated for local governance, chieftaincy, and religious affairs to support local administration and community services.
The GH¢17.6 billion allocation aims to strengthen local administration and improve community services. Out of this amount, GH¢10.8 billion will go to the District Assemblies Common Fund to support development in districts and communities. Additionally, GH¢685 million is earmarked for the construction of a modern Greater Accra Regional Market, New Agbogbloshie, while GH¢500 million will be used for rural housing and GH¢200 million for the completion of the Takoradi Market project.
The Kejetia Market Phase Two project had stalled due to financial constraints, remaining incomplete for about two years with work suspended at just over 58 per cent completion. The project was originally awarded in 2018 at a contract value of €248 million, but the projected cost later rose to about €305 million due to delays, suspension claims, and outstanding financial obligations. At the time work was suspended in 2024, engineering works were 98.8 per cent complete, procurement was at 77 per cent, and actual construction was just over 58 per cent.
The government's decision to allocate GH¢685 million to complete Kejetia Market Phase Two is expected to provide a significant boost to traders, market women, and residents of Kumasi. The project is one of Ghana's most significant urban trading infrastructure projects. Its completion will likely have a positive impact on the local economy and community.
The Minister for Local Government, Chieftaincy and Religious Affairs, Mahama Ayariga, had previously indicated that negotiations with the contractor had been concluded, allowing work to resume. The Finance Minister's announcement signals the government's intention to prioritize the completion of stalled market projects across the country.
The allocation for Kejetia Market Phase Two and other local development priorities reflects the government's commitment to improving market infrastructure and supporting local administration. The completion of these projects is expected to enhance the living conditions of residents and promote economic growth in the regions.
The government's investment in local governance, chieftaincy, and religious affairs demonstrates its focus on community development. With the allocation of GH¢17.6 billion, the government aims to address various local development needs, including infrastructure, housing, and market projects, to improve the overall quality of life for Ghanaians.
Key points
- The Ghanaian government allocates GH¢685 million to complete Kejetia Market Phase II in Kumasi.
- The allocation is part of a broader GH¢17.6 billion package for local governance and community services.
- The completion of Kejetia Market Phase Two is expected to boost the local economy and community.
