{"id":203392,"date":"2024-07-26T10:44:05","date_gmt":"2024-07-26T10:44:05","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/26\/stalled-kejetia-redevelopment-construction-to-begin-in-august\/"},"modified":"2024-07-26T10:44:05","modified_gmt":"2024-07-26T10:44:05","slug":"stalled-kejetia-redevelopment-construction-to-begin-in-august","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/26\/stalled-kejetia-redevelopment-construction-to-begin-in-august\/","title":{"rendered":"Stalled Kejetia redevelopment construction to begin in August \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Chief Executive of the Kumasi Metropolitan\u00a0Assembly\u00a0(KMA), Samuel Pyne, has announced that the government will soon provide funds to resume construction on phase two of the Kejetia Market Redevelopment Project.<\/strong><\/p>\n<p>The project has been at a standstill for over a year after the construction firm, Contracta, withdrew from the site and dismissed its workers due to delayed payments.<\/p>\n<p>Pyne stated that Contracta is prepared to return to the site in\u00a0August\u00a02024 and fully resume work, following the government\u2019s commitment to releasing funds promptly for the project\u2019s completion.<\/p>\n<p>\u201cWe had a recommencement meeting last week Thursday 18 July, 2024, in Kumasi. Since they left about 13 months ago, that\u2019s a year and a month, there\u2019s the need for them to re-engage workers. At the moment, they have all the materials for the shops ready. So, they are doing a re-assessment of the materials that they left on site to confirm if they are fit for purpose on the project, because the Finance Minister has given them a comfort letter, assurance letter and assurance of prompt payment,\u201d he said.<\/p>\n<p>The \u20ac248 million Kejetia Market Redevelopment Project, which began in May 2019 and was originally scheduled for completion within 48 months, has faced numerous delays.<\/p>\n<p>Setbacks have included the project\u2019s suspension after the construction firm, Contracta, left due to funding issues. The government\u2019s domestic debt restructuring program with the International Monetary Fund has also contributed to the delays.<\/p>\n<p>Currently, the site is overgrown with weeds and has become a habitat for reptiles, while the market\u2019s legitimate occupants endure harsh conditions in inadequate temporary shelters.<\/p>\n<p>Traders affected by the delays protested against the government and threatened to vote against the ruling NPP in the 2024 election. However, following a successful renegotiation with the IMF, funds have now been released to resume work on the project.<\/p>\n<p>Once completed, the redevelopment will feature 6,500 leasable commercial spaces, 5,400 closed stores, 800 kiosks, 50 restaurants, and additional facilities including a fire service office, a police station, and a mini theater.<\/p>\n<p>Despite the resumption of work, Samuel Pyne has indicated that the project may not be finished before the December election.<\/p>\n<p>\u201cThe project should have been ready by February this year. We have wasted or delayed about 13 months and therefore, if there\u2019s even going to be a crash of the program on site, I know it is not going to be 3-4 months\u2019 work. The work will go beyond 5 months so I can\u2019t give the exact time that the program will end, but to be honest with you, we can\u2019t conclude the work on site before the election,\u201d he observed.<\/p>\n<p>tigpost.co <\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chief Executive of the Kumasi Metropolitan\u00a0Assembly\u00a0(KMA), Samuel Pyne, has announced that the government will soon provide funds to resume construction on phase two of the Kejetia Market Redevelopment Project. The project has been at a standstill for over a year after the construction firm, Contracta, withdrew from the site and dismissed its workers due to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":203393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-203392","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stalled Kejetia redevelopment construction to begin in August \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/07\/26\/stalled-kejetia-redevelopment-construction-to-begin-in-august\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stalled Kejetia redevelopment construction to begin in August \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Chief Executive of the Kumasi Metropolitan\u00a0Assembly\u00a0(KMA), Samuel Pyne, has announced that the government will soon provide funds to resume construction on phase two of the Kejetia Market Redevelopment Project. 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