The Minister for Finance, Dr. Cassiel Ato Forson, has assured that work on the stalled Takoradi Market Circle redevelopment project will resume in 2026.
He made the pledge during a tour of the project site, which has remained unfinished for nearly three years.
The inspection was part of preparations ahead of the 2026 Budget presentation, scheduled for Thursday, November 13, 2025.
Dr. Forson described the site as a powerful reminder of both the great potential and the missed opportunities surrounding a project that holds deep significance for thousands of traders and their families.
He emphasised that the Market Circle redevelopment stands as a testament to Takoradi’s enduring economic spirit and reaffirmed the government’s resolve to complete it.
“The Market Circle project has been captured as a priority project of the government, and work will resume next year,” Dr. Forson assured.
According to the Finance Minister, the contractor will return to the site early next year once the ongoing debt restructuring exercise is finalised—clearing the path for construction to restart.
Dr. Forson was accompanied on the tour by Deputy Finance Minister, Thomas Nyarko Ampem, Western Regional Minister, Joe Nelson, and the Sekondi-Takoradi Metropolitan Chief Executive, Fredrick Faustinus Faidoo.
When completed, the Market Circle project is expected to transform one of Ghana’s oldest and busiest trading centres into a modern commercial hub, improving sanitation, easing congestion, and boosting economic activity across the Western Region.
Source:Lovinghananews.com
