Business General

Ghana to lose €258 million earmarked for the 2nd phase of Kejetia market – Minister hints

The refusal by traders in the Ashanti Regional capital, Kumasi to evacuate Kejetia market to pave way for contractors to start work on the phase two project of the market will lead to the loss of millions of cedis.

“Ghana risks losing the over €258 million loan apportioned for the project because the benefactors might terminate the contract if the project continues to delay which sends signals that we are not serious as a people and we are not ready to receive the market”, Regional Minister, Simon Osei Mensah hinted

The Minister has therefore sent a stern warning to recalcitrant traders refusing to abandon the Kumasi Central market for contractors to redevelop the place as a five-day ultimatum by the Regional Security Committee (REGSEC) ends on Sunday, March 14, 2021.

Chairman of the Ashanti Regional Security Council (REGSEC) cautioned traders whose shops will be affected by the Kejetia Phase 2 Project that they will have themselves to blame if their goods are destroyed before Monday, March 15.

Speaking over the weekend on a local radio station monitored by, Mr. Simon Osei Mensah, reminded the traders to leave the place as soon as possible.

“By Monday dawn, all the earmarked spaces will be cleared, affected shops and sheds will be demolished so by that time if you still have your goods in your shops, then you will have to blame yourself because I can assure you that we won’t leave any stone unturned”, the REGSEC Chair reiterated earlier notice.

According to the Regional Minister, the delay of the Phase 2 project is worrying explaining affected traders are to bear with city authorities and abide by the relocation guidelines to fill all the empty peripheral markets dotted across the metropolis and other assemblies to make way for the redevelopment of the project.

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