Work will soon start on construction and redevelopment of the Kumasi Central Market Project, costed at €248million, which marks phase-two of the Kejetia Redevelopment Project begun in 2014.
The project is scheduled to be completed in 48 months and has been awarded to Messrs. Contracta Construction Limited, UK – financed by a German bank with export credit guarantee from the United Kingdom Export Finance (UKEF).
Upon completion, the project will have 6,500 leasable commercial spaces, 5,400 closed stores, 50 restaurants, 800 kiosks, 210 fishmonger and butcher stores, 40 for livestock and 1,800 square kilometres of community facilities.
It will also feature other essential facilities such as a waste treatment plant, police and fire stations, post offices and an amphitheatre.
The provision of this new infrastructure with its state-of-the-art facilities is hoped to address and mitigate the underlying fire outbreaks, by ensuring the safety and security of traders and consumers as well as comfort in trading.
At the groundbreaking ceremony of the project which coincided with unveilling the statue of Asantehene, Otumfuo Osei Tutu II, at the newly redeveloped Kejetia Market as part of activities to commemorate his 20th anniversary celebrations. President Nana Addo Dankwa Akufo-Addo said a total of 3,400 direct and indirect jobs will be created by end of the project.
Prior to this, he observed that a number of projects have been commenced in the region; including the remodelling of some major roundabouts as well as a facelift for 135 kilometres of roads; and the recent approval of a €155million facility for completion and equipping of the decades-old Komfo Anokye Maternity and Children’s Block.
He said these, together with many other projects to come, demonstrate government’s commitment to delivering significant infrastructure projects which will create jobs and enhance economic development across all regions of the country.
The president appealed to city authorities, traders and residents of the Kumasi Metropolis to support and cooperate with the contractor in order to finish the project on time.
He thanked the Asantehene for his support and immense contribution toward successful completion of the project’s first phase, which is redevelopment of the Kejetia Market.
Completion of the Kejetia Market, at the cost of US$259.4million, is now expected to ease the unbearable congestion and unsanitary conditions that some traders faced in the course of constructing the facility.
The newly completed market comprises 8,420 leasable commercial spaces including 6,940 lockable stores, 1,420 counter stores and 60 food courts or restaurants.
It also comes with 3,700 square metres of community facilities and others – including a public transport terminal, prayer room, bank agencies, waste separation docks, sewage treatment station, and fire station among others.
The Minister for Local Government and Rural Development, Hajia Alima Mahama, said a ‘Special Purpose Vehicle’ (SPV) – namely the Kumasi City Markets (KCM) – has been put in place to manage the Kumasi Central Market.
They are tasked among others to ensure overall maintenance and operations of the market; revenue collection and revenue management; and engagement and supervision of service providers in the market.
Revenue realised from the market will be shared, with 60 percent going to the Ministry of Finance for servicing the credit; and 17 percent will be given to KCM for financing operations and maintenance of the facility.
Also, 15 percent of the revenue will be given to the Kumasi Metropolitan Assembly (KMA) to support implementation of its plans and budget; 6 percent to the Kumasi Traditional Council; and 2 percent to be set aside for social programmes.
The minister said a comprehensive decanting management plan has been drawn up, which details relocation of traders into the completed project.
She noted that construction of the market will interfere with and impede trading activities, and therefore enjoined affected traders to cooperate with the KMA for relocation to alternative markets.
The Asantehene, Otumfuo Osei Tutu II, asked city authorities to expedite the processes for relocating traders back into the redeveloped Kejetia Market.
He charged them to ensure that the original occupants of the market are given immediate attention, as well as traders who will be affected with the start of phase-two of the project.
The statue of Otumfuo Osei Tutu II, at the redeveloped Kejetia Market