That, he said, was in line with its transformational agenda to boost economic trade and also prevent the spate of fire outbreaks recorded in the country as a result of the poor construction of the markets.
He said apart from the Kumasi Market, new markets would be constructed at Mankessim, the largest trading centre in the Central Region and Sahala in Accra, while the Cape Coast Anaafo Market would be upgraded into a major fish market.
Started in 2012 with a $31.75 million concessionary loan from the China Exim Bank, through the Chinese government, the Kotokuraba Market was constructed by the China Railway Construction Engineering Group Limited. Initial work was met with weeks of legal tussles.
It has 246 lockable shops , 496 stalls, 26 supermarkets, two banks, a restaurant, 14 office spaces, a nursery, clinic, fire station, post office, butchery , cold store , warehouse ,and two level car parks with a total of 188 capacity.
It also has a water storage facility, generator set, CCTV cameras and security rooms to ensure utmost security while savings made from the contract is being used to construct additional structures to accommodate more traders.
On key benefits, President Mahama said the project would enhance revenue generation for Cape Coast Metropolitan Assembly (CCMA), enhance economic activities for the metropolis, create jobs , improve sanitation, environment, increase more access for traders, and give the metropolis a facelift.
President Mahama paid tribute to the late President John Evans Atta Mills who promised the people of Cape Coast in the run-up to the 2008 elections in addition to the Cape Coast Sports Stadium and subsequently secured funding for it.
The Chinese Ambassador to Ghana, Ms. Sun Baohong, said the project was another landmark in the China-Ghana relationship and would positively impact economic activities and increase the living standards of the people.
The Central Regional Minister and incumbent Member of Parliament for Cape Coast South Constituency, Mr. George Kweku Ricketts-Hagan, said the achievements of the National Democratic Congress government were very evident adding the market speaks for itself.
The Paramount Chief the of Oguaa traditional area, Osabarima Kwesi Atta II, described the project as “unprecedented,” and advised traders to keep the facility neat or be ejected.
He praised the Mahama-led government and all other stakeholders for continuing the vision of the late President John Atta Mills.
From Jonathan Donkor, Cape Coast