Kejetia Phase II: Ghana Targets October Restart and Real Rents at Kumasi Trading Hub
Kejetia Phase II, the stalled extension of Kumasi’s trading complex, should restart in October, officials say, as Ghana moves to charge real rents. The post Kejetia Phase II: Ghana Targets October Restart and Real Rents at Kumasi Trading Hub appeared first on The Rio Times .
Ghana's government plans to resume construction on Kejetia Phase II, the stalled second stage of Kumasi's central trading complex, in October 2026. Kejetia Phase II, which combines a vast covered trading hall with a bus and lorry terminal, should be back under construction in October 2026, officials announced at a meeting in Kumasi on 20 September 2026.
The government aims to charge shopkeepers rents based on the true value of their spaces, rather than the premiums some tenants currently pay. The project, worth €248 million (about US$285 million), was meant to be completed in 48 months but has faced significant delays and cost overruns. Currently, about 68% of the work is completed, with engineering 99% done, procurement 84%, and construction 49%.
The mayor of Kumasi, Richard Ofori Agyemang Boadi, stated that the government is convinced the redevelopment will begin in October 2026. The first phase, completed in 2018, was designed to fund the later phases, but traders owe the city premiums totaling GH¢165.3 million (about US$14.4 million), of which only GH¢89 million (about US$7.8 million) has been collected.
Ayariga suggested charging the going market rate for rents to fund the construction of Phase III, which could eventually lead to lower rents if supply outpaces demand.
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