President Akufo-Addo has cut the sod for the commencement of phase two of the redevelopment project of the Kumasi Central Market and the provision of associated infrastructure.
He indicated that the start of the second phase of the project in addition to numerous projects ongoing in Asantemen and across the country demonstrates government’s unwavering commitment to deliver significant infrastructure projects.
The President was speaking at the groundbreaking ceremony on Thursday May 2, 2019 at Kejetia.
“The project which is valued at €248 million, is being financed by Deutsche Bank of Germany, with export credit guarantee from the United Kingdom Export Finance (UKEF),” he said.
The project will be undertaken by Messrs Contracta Construction Ltd, a UK-based company and will be finished within 48 months.
Upon completion, the redeveloped market will have 6,500 leasable commercial spaces; 5,400 closed stores; 800 kiosks; 50 restaurants; 210 fishmonger and butcher stores; 40 livestock stores; and 1,800 square metre2 of community facilities.
Additionally, the project will also provide other essential facilities such as a waste treatment plant, a police station, a fire station, post offices, and an amphi-theatre.
President Akufo-Addo was confident that the redevelopment of the Kumasi Central Market, and the delivery of associated infrastructure, will help address and mitigate the underlying causes of fire outbreaks in this market; create some 900 direct jobs and 2,500 indirect jobs; improve the safety and security of traders and consumers; and provide better conditions for mobility in the area, allowing traders to receive their merchandise, and customers to access the market, in a safer and more organized manner.
“I appeal to all of you, city authorities, traders, customers and residents, to support and co-operate with the contractor, Messrs Contracta Construction Ltd, so as to complete this project on time. I know I can count on all of you in this regard,” the President added.