Contractors Will Return To Kejetia Redevelopment Phase II Project In October – Mahama Ayariga
The Minister for Local Government, Chieftaincy and Religious Affairs, Mr. Mahama Ayariga, has announced the resumption of work on the Kejetia Market Redevelopment Phase II project by the contractors next month. The project had since last year stalled following financial constraints, but the Minister says the government has now secured 248 million Euros to resume […] The post Contractors Will…
The Minister for Local Government, Chieftaincy and Religious Affairs, Mr. Mahama Ayariga, has announced the resumption of the Kejetia Market Redevelopment Phase II project by contractors in October. The project, which had been stalled due to financial constraints, now has €248 million secured to resume work, though it is not enough to complete the entire project.
Mr. Ayariga inspected both the Kejetia Phase II and Krofrom Market projects during a visit to Kumasi on August 30 to assess their current state and address challenges that led to delays. The Phase II project, part of the redevelopment of the Kumasi Central Market, aims to provide 6,500 leasable commercial spaces, 5,400 closed stores, 800 kiosks, 50 restaurants, 210 fishmonger and butcher stores, and 40 livestock stores.
When completed, the project is expected to create direct and indirect employment, improve trading conditions, and benefit market women. The redevelopment, originally awarded in 2018 for €248 million, has seen its projected cost rise to €305.3 million due to delays and other financial issues. The government, through Deutsche Bank of Germany and the United Kingdom Export Finance (UKEF), is financing the project, and Mr. Ayariga assured stakeholders of the government's commitment to its completion.
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