President John Dramani Mahama has reaffirmed his commitment to completing the stalled Takoradi Market Circle redevelopment project, assuring residents that his government will take immediate steps to revive construction.

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During a visit to the project site as part of his thank-you tour in the Western Region following the 2024 elections, Mahama emphasized that discussions would be held with the contractor and the Finance Ministry to set new timelines for resuming work.

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“We are here to inspect and assess the status of the project. We will return to Accra and on Friday, we will meet the contractor and Minister of Finance to discuss how to complete the Takoradi Market Circle Redevelopment project,” Mahama stated.

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He further assured traders and residents that soon, engineers and workers would be back on-site to see the project through to completion.

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The redevelopment of the Takoradi Market Circle, initiated in 2020 under former President Nana Addo Dankwa Akufo-Addo at a cost of €48 million, was expected to be completed in 2023 but has since stalled. The first phase of the project, undertaken by the Italian construction firm Messrs Contracta Costruzioni Italia SLR, remains unfinished.

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Once completed, the modern market facility will feature 2,408 stores, 33 restaurants and food courts, bulk-breaking areas, a visitors’ car park, a police and fire station, and a post office. Additional amenities will include a clinic, administrative offices, a daycare center, banking spaces, a waste separation dock, and changing rooms for staff.

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Mahama’s pledge to restart the project offers renewed hope to traders and residents eager to see the Takoradi Market Circle transformed into a thriving commercial hub.

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