Agbogbloshie and Kejetia markets get GH¢685m each in 2027 Budget
Traders in Accra, Kumasi and Takoradi get major market funding in the 2027 Budget, with Kejetia Phase 3 also set to begin.
The 2027 Budget allocates GH¢685 million each to the Agbogbloshie market in Accra and Phase 2 of Kejetia Market in Kumasi. Finance Minister disclosed these allocations during his budget speech to Parliament on November 12. These funds are part of GH¢17.6 billion allocated for local governance, chieftaincy, and religious affairs.
The Accra market will be transformed into a modern Greater Accra Regional Market, while Kumasi's money supports the completion of Phase 2 of Kejetia Market, a project that traders have been urging the government to finish. Takoradi will receive GH¢200 million to complete its market project, and traders there recently proposed their own financing plan after rejecting upfront payment demands.
The District Model Market Initiative has awarded 260 market projects nationwide, with contractors at 208 of them. In 2027, the ministry will expand the initiative to more metropolitan, municipal, and district assemblies, accelerate the completion of Takoradi and Kumasi markets, and commence Kejetia Market Phase 3, according to the full budget document.
This budget commitment follows September's suspension of Agbogbloshie's redevelopment for further stakeholder consultations. These market projects are under the Ministry of Local Government, Chieftaincy, and Religious Affairs. The budget's biggest allocation, GH¢10.8 billion, is the District Assemblies Common Fund for district and community development.
However, the budget does not provide completion dates for any of the markets, details on stall allocation or trader fees, or a start date for Kejetia Phase 3.
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