zion

Search
President Akufo-Addo Cuts Sod for Phase II of Kumasi Central Market Redevelopment Project
Hits: 1520

President Nana Addo Dankwa Akufo-Addo on Thursday, cut the sod to begin phase II of the redevelopment project of the Kumasi Central Market, and its associated infrastructure.

 

The €248 million redevelopment Kumasi Central Market project will be financed by the Deutsche Bank of Germany, with export credit guarantee from the United Kingdom Export Finance (UKEF).

 

When complete, 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 1,800m2 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 amphitheater.

 

The construction will be undertaken by Messrs Contracta Construction Ltd, UK, and is expected to be completed within 48 months.

 

President Akufo-Addo, speaking at the groundbreaking ceremony at Kejetia, said the commencement of the redevelopment market project, and other numerous ongoing projects in the Ashanti Region, and across the country, demonstrates government’s unwavering commitment to delivering significant infrastructure that would create jobs and enhance economic development.

 

The President was confident that the redevelopment of the Kumasi Central Market, with its associated infrastructure, would help address the underlying causes of fire outbreaks in the market.

 

He said the commencement of the project, would also, create 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.

 

In August 2018, President  Akufo-Addo cut the sod to begin the construction of Kumasi Roads Facelift Project, which, amongst others, include the Kumasi Drainage and Roads Extension Project; remodeling of the four roundabouts between Ejisu and KNUST to help improve safety and reduce the heavy traffic congestion on the N6 highway.

 

It also includes an asphaltic overlay on 135 kilometres of roads within the Kumasi Metropolis to deal with the issue of potholes, and, thereby, give the roads in the Metropolis a new face-lift.

“In addition to these, a few weeks ago, in Tamale, I cut the sod for the commencement of phase 1 projects of the $2 billion Government of Ghana/Sinohydro Master Project Support Agreement (MPSA). Lot 2 of this project will see to the construction of 100 kilometres of Kumasi and Mampong Inner City Roads. In Kumasi, the affected road networks are in Manhyia, Suame, Tafo Pankrono, Asokwa, Kwadaso, Oforikrom, Subin, Nhyiaeso and Bantama,” said President Akufo-Addo.

 

He said, “a fortnight ago, Parliament approved a one hundred and fifty-five million-euro (€155 million) facility for the completion and equipping of the maternity and children’s block of the Komfo Anokye Teaching Hospital, a project which has stood uncompleted for well over forty (40) years.”

 

President Akufo-Addo assured that the government was committed to putting the country onto the path of broad progress and prosperity, by enhancing the living standards of all Ghanaians.

 

“This project, and others currently ongoing, demonstrate our commitment towards this, and I will appeal to you to take a keen interest in seeing to the completion of phase II of this important project, which I have no doubt you will,” he added.

 

Source: ISD (Rex Mainoo Yeboah)