Ghana IntelBrief
Back to Latest Briefings

Ghana IntelBrief

September 20, 2026
AI-Enhanced

Kejetia Phase II: Kumasi Mayor warns traders over shop scams as works resume in October

Money
Policy
Opportunity
Growth

Key Points

  • Kumasi Mayor Richard Ofori Agyeman Boadi has warned traders against paying individuals for shops at the stalled Kumasi Central Market Phase II project, citing scams.
  • Construction work on the second phase of the market redevelopment is expected to resume in October, with secured funding.
  • The project, originally valued at 248 million euros, is 68% complete overall, with 171 million euros already paid.
  • Phase II is designed to provide over 9,760 shops and a transport terminal, aiming to ease congestion in Kumasi's commercial center.
  • The Kumasi Metropolitan Assembly has collected 89 million cedis ($7.8 million) from Phase I since its commissioning in 2018.

Why This Matters

This project is vital for Ghana's urban development and economic infrastructure, particularly in Kumasi, a major commercial hub. Its completion promises to alleviate severe market congestion, create significant trading opportunities for thousands, and enhance local revenue generation, reflecting the government's commitment to critical infrastructure and combating corruption.

Read Full Article

View original source

Related Articles

IMF acknowledges Ghana’s strong revenue performance and progress in tax administration reforms

November 6, 2026

IMF acknowledges Ghana’s strong revenue performance and progress in tax administration reforms
  • The IMF acknowledged Ghana's strong revenue collections in 2026 under its Policy Coordination Instrument (PCI).
  • Significant progress in tax administration reforms, including customs/excise legislation review and digitalization (ITAS, e-fiscal devices), was highlighted.
  • Prospects for increased non-oil revenue in 2027 were noted by the IMF, reinforcing GRA's contribution to economic recovery.
  • The GRA Commissioner General affirmed a continued focus on strengthening compliance, modernizing operations, and improving taxpayer services through digital channels.
  • The upcoming 2027 budget is anticipated to prioritize enhanced compliance and implementation of existing tax laws over new taxes.
Read full briefing

Fire destroys 11 rooms in Anlo Town compound house

November 6, 2026

Fire destroys 11 rooms in Anlo Town compound house
  • A domestic fire destroyed 11 out of 23 rooms in a compound house in Anlo Town, New Juaben North Municipality, Eastern Region.
  • The Ghana National Fire Service (GNFS) responded promptly, deploying a 10-member crew to control and extinguish the blaze.
  • Swift intervention prevented the fire from spreading to adjoining properties, though personal belongings, two electric motorbikes, and a bicycle were lost.
  • Access to the affected building has been restricted due to concerns about its structural integrity.
  • Preliminary investigations by GNFS and Ghana Police Service are underway to determine the cause of the fire.
Read full briefing

I built a $70m business while battling depression – Nekeya Parks at TrueLife Experience

November 5, 2026

I built a $70m business while battling depression – Nekeya Parks at TrueLife Experience
  • Mindset mentor Nekeya Parks revealed she built a $70 million business while battling depression.
  • Speaking at the 2026 TrueLife Experience in Accra, she urged participants to identify and pursue their God-given purpose.
  • Parks challenged the conventional pursuit of careers like engineering or medicine, advocating for choices aligned with personal calling over societal expectations.
  • She highlighted that financial success alone does not guarantee personal fulfillment, emphasizing her own experience of wealth without happiness.
  • The TrueLife Experience event gathered business executives, entrepreneurs, policymakers, and leaders in Ghana to discuss courage, personal development, and purposeful action.
Read full briefing