Construction of the Kumasi Kejetia Redevelopment Project Phase II is expected to resume in October 2026 following arrangements by the Kumasi Metropolitan Assembly (KMA) and the Ministry of Finance to secure funding for the stalled project.
Kumasi Metropolitan Chief Executive, Richard Ofori-Agyemang Boadi, announced this during a stakeholders’ engagement on the completion of the project, according to a Facebook post by the KMA on Monday, September 21.
The engagement, organised by the Ministry of Local Government, Chieftaincy and Religious Affairs in collaboration with the KMA, brought together key stakeholders to review the project’s progress, funding challenges and outstanding issues.
Mr Boadi said completing Phase II remains a priority for President John Dramani Mahama and the sector Minister, Mahama Ayariga.
He explained that discussions with stakeholders and the Ministry of Finance had resulted in arrangements for contractors to return to the site in October.
“The completion of Phase II remains a priority,” the Mayor said.
According to him, completing the project will help ease congestion and reduce pressure on Kumasi’s Central Business District while providing traders and other users with improved and better-organised facilities.
The Mayor attributed the delays partly to funding constraints, explaining that the original financing model relied on revenue generated from Phase I of the Kejetia project to fund subsequent phases.
However, revenue from Phase I has not been sufficient to finance Phase II, making additional government funding necessary and contributing to delays in completing the project.
Phase II comprises a four-level development with 10,528 trading spaces and a range of supporting facilities.
The ground floor is designed to accommodate 600 parking spaces, transport facilities, bulk-breaking areas and warehouses, alongside a crèche, clinic, police post, banking facilities, fire post and administrative offices.
The first floor will feature counters and a traditional market with about 3,760 trading spaces, while the second and third floors will contain lockable shops and other ancillary facilities, providing approximately 6,650 additional spaces.
The KMA said completion of the project will improve the organisation of trading activities in Kumasi, create additional commercial space and help reduce pressure on the city’s central business district.
Adoa News Adoa News