The Ashanti regional minister Simon Osei Mensah had said the completion of the redeveloped Kumasi Central Market would improve economic activities.
He told Kwabena Agyapong on Rainbow Radio 87.5Fm that the project after its completion would lead to job creation.
The redeveloped project he said will have in place all needed security post including a police post, fire station among others.
Upon completion, the redeveloped market will have six thousand, five hundred (6,500) leasable commercial spaces; five thousand, four hundred (5,400) closed stores; eight hundred (800) kiosks; fifty (50) restaurants; two hundred and ten (210) fishmonger and butcher stores; forty (40) livestock stores; and one thousand, eight hundred square metres (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 amphi-theatre.
President Akufo-Addo on Thursday has cut sod for the commencement of phase two of the redevelopment project of the Kumasi Central Market and the provision of associated infrastructure.
Speaking at the ground breaking ceremony on Thursday, 2nd May, 2019, at Kejetia, President Akufo-Addo indicated that the start of the 2nd phase of the redevelopment project, in addition to numerous projects ongoing in Asantemen, and, indeed, across the country demonstrates government’s unwavering commitment to deliver significant infrastructure projects that will create jobs and enhance economic development.
“The redevelopment of the Kumasi Central Market is a two hundred and forty-eight-million-euro (€248 million) project, and it is being financed by Deutsche Bank of Germany, with export credit guarantee from the United Kingdom Export Finance (UKEF). The construction will be undertaken by Messrs Contracta Construction Ltd, UK, and will be finished within 48 months,” the President said.
President Akufo-Addo was confident that the redevelopment of the Kumasi Central Market, and the delivery of associated infrastructure, will help address and mitigate the underlying causes of fire outbreaks in this market; create some nine hundred (900) direct jobs and two thousand, five hundred (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.