Takoradi traders doubt GH¢200m is enough to finish their market
TV3 spoke to Takoradi traders after the Budget gave GH¢200m to finish their market, and they are not convinced it is enough.
Traders at Takoradi Market have expressed doubt over whether the GH¢200 million allocated in the 2027 Budget will be sufficient to complete the Market Circle redevelopment project. Despite Finance Minister Mahama Ayariga's announcement of the funding during the budget presentation on November 12, traders are questioning the adequacy of the proposed financial allocation.
The budget allocation is part of the GH¢17.6 billion earmarked for local governance, chieftaincy, and religious affairs, while other major markets such as New Agbogbloshie in Accra and Kejetia Market Phase 2 in Kumasi have received similarly sized allocations of GH¢685 million each. The announcement comes after traders rejected upfront payment demands and proposed an eight-point financing plan, advocating that the government first complete the market before recovering the funds over time.
Currently, contractors are on site at 208 of the 260 market projects awarded under the District Model Market Initiative, with the Takoradi project reportedly 62 per cent complete. However, the budget does not provide details on the total cost of the Takoradi project or its completion date, leaving traders uncertain about the future of their market.
Brief written by urgent.news from 3News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
