By Ashiadey Dotse
The Minister for Local Government, Chieftaincy and Religious Affairs, Ahmed Ibrahim, says the cost of the stalled Kumasi Central Market Phase Two project has risen to over €305 million as government moves to restart and complete the delayed works.
Speaking at a press conference in Accra on Wednesday, May 6, 2026, he explained that the increase in cost is due to suspension claims, unpaid contractor certificates, and demobilisation of contractors in 2024.
He said the Kumasi Central Market Phase Two project, also known as the Kejetia Market project, was about 58% complete when work was halted. At that time, more than €27 million in certified payments had not been paid, leading to further claims that pushed up the total cost.
The Minister also provided an update on the Takoradi Market Circle redevelopment, noting that the project is over 81% complete, but still has an outstanding payment of more than €6 million.
According to him, the delays in both projects have caused congestion, unsafe trading conditions, loss of income for traders, and slowed economic activity in Kumasi and Takoradi.
Despite the challenges, Ahmed Ibrahim assured that government is taking steps to secure funding, re-engage contractors, and speed up construction work to complete both markets.
He stressed that completing the projects remains a priority because of their importance in boosting local businesses, creating jobs, and providing safer and more modern trading spaces for thousands of traders.
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Source:
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