Clarifying The Facts: Insights Into The Kumasi City Market Project

Kutl Ahmedia


Recently, there have been reports surrounding the Kumasi City Market project, particularly regarding financial matters and project completion. Nana Agyemim Boateng, Amoamanhene and Asantehene’s Representative on the project, has stepped forward to provide clarification on key issues.

In a recent interview on the Ghanakoma morning show on Akoma 87.9fm in Kumasi, Nana Agyenim Boateng addressed concerns raised by the Kumasi Metropolitan Assembly (KMA) regarding the alleged missing GHC3.6 million. He emphasized that there is no missing or unaccounted amount, affirming that the loan obtained from Fidelity Bank for the project has been properly disbursed.

Nana Agyenim Boateng elaborated on the financial breakdown, explaining that the total amount of GHC8.6 million disbursed for phase 1 of the Krofrom Market project included GHC4 million from Fidelity Bank's approved facility of GHC5 million and GHC4.6 million from KMA's own funds.

Despite the disbursement of these funds, challenges remain in completing the project, particularly related to lighting issues that have delayed the allocation of stalls to traders.

Regarding recent statements from city authorities about exploring alternative funding sources to complete the market, Nana Agyenim Boateng expressed confidence in the project's progress and denounced claims of missing funds as an attempt to discredit the board and past managers of the Assembly.

He highlighted the commitment of Asantehene, Otumfuo Osei Tutu II, to the development of Asanteman, citing the King's instrumental role in various monumental projects in Kumasi and beyond. Notably, Otumfuo Osei Tutu II has personally provided funds and served as a guarantor for project financing, demonstrating a steadfast dedication to regional development.

Nana Agyenim Boateng's remarks shed light on the complexities and challenges associated with the Kumasi City Market project while emphasizing the collaborative efforts and leadership of key stakeholders, including Asantehene, in driving progress and development initiatives in the region. As the project moves forward, transparency and accountability remain essential pillars to ensure its successful completion and benefit for the local community.


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