The Kumasi Metropolitan Assembly has secured GH¢100 million from the government toward the completion of the Krofrom Market project, which requires a total of GH¢179 million to finish, Mayor Richard Ofori-Agyemang Boadi has disclosed.
Speaking at the Assembly’s General Meeting at the Prempeh Assembly Hall in Kumasi, the Mayor said the funds were secured through the Social Investment Fund under the Ministry of Finance, and that work on the site has resumed with Artachy Construction Limited, the anchor contractor, actively on site.
“I am pleased to announce that we have secured financial support of GH¢100 million from the Government of Ghana through the Social Investment Fund under the Ministry of Finance to support the completion of the project as scheduled,” he said.
He added that a seven-member committee, comprising representatives from the Regional Coordinating Council and technical officers from the KMA, has been constituted to oversee the allocation of spaces and develop operational guidelines for the market upon completion.
On the Kejetia Phase II Market, the Mayor said the redevelopment project remains a priority but that work has stalled while financing arrangements and implementation modalities are being finalised to ensure value for money and timely execution.
He also disclosed that several satellite markets across the metropolis have been awarded under Public-Private Partnership arrangements to improve market infrastructure and boost commercial activity in Kumasi.
