The satellite market under construction
The satellite markets currently under construction in the Sekondi-Takoradi Metropolis for the relocation of traders at the Takoradi Central Market in order to pave way for the redevelopment of the central market are 80% complete.
The satellite markets are expected to be completed by the end of this month.
The redevelopment of the Takoradi Central Market, popularly called Market Circle, is to help boost the local economy.
President Akufo-Addo recently cut the sod for the commencement of the project which will cost €48 million.
It is being financed by an export credit from the Deutsche bank, S.p.A Italy, with export credit guarantee support from SACE, the Italian export guarantee agency.
The Sekondi-Takoradi Metropolitan Assembly (STMA) is constructing the satellite markets to relocate traders at Market Circle.
Officials of the STMA, led by the Metropolitan Works Engineer, William Tei Kpoti, paid a working visit to assess the progress of work at the various satellite markets.
Mr. Kpoti later told the media the work was about 80 per cent complete and was expected to be fully completed by the end of November 2020.
He assured that the satellite markets would be completed on schedule to allow for the redevelopment of the central market.
Kpoti said the land size of the satellite markets , which was six acres, would be able to accommodate all the 1,500 traders and that an additional five acres had been secured to accommodate 500 more traders.
He promised to ensure an improved and efficient security system in the markets.
The Managing Director of Asabea Construction Limited, Samuel Ofori Larbi, said the STMA was expecting about 5,000 shops for the entire 11 acres site.
“What is left to be done is the ground works, construction of additional inner stores, fixing of metal gates, electrical installations and a facelift to the toilet facilities,” he disclosed.
From Emmanuel Opoku, Takoradi