Kejetia Market Phase II, 54 Other Projects Could Take 12 Years to Complete- Finance Minister
According to the Minister for Finance, Cassiel Ato Forson, the second phase of the Kejetia Market, along with 54 other stalled projects across the country, risks taking a long time to complete.
Presenting the 2025 Budget on March 11, 2025, he said these projects started by the previous government could take a minimum of 12 years to complete, citing bilateral creditor debt restructuring exercise.
“Mr. Speaker, due to the bilateral creditor debt restructuring undertaken by the previous administration, a staggering number of 55 projects have come to a halt. This leaves a massive amount of about US$3 billion in undisbursed loans and about US$300 million in outstanding interim payment certificates (IPCs).”
The lawmaker explained that this will bring about financial constraints further dragging back the completion of the projects which also include Effia Nkwanta Regional Hospital, Bolgatanga-Bawku Pulimakom road project and Tema-Aflao road project.
“This constraint means that it will take a minimum of 12 years from the re-commencement of disbursements to complete these 55 stalled projects.”
Notwithstanding that, he said the government will engage the relevant stakeholders in the coming days.
Source: opemsuo.com/Hajara Fuseini
