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May 2, 2026
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President Mahama breaks ground for modern 24-hour market in Asesewa
Money
Policy
Opportunity
Growth
Key Points
- President John Dramani Mahama has officially broken ground for a modern 24-hour market complex in Asesewa.
- This project is a key campaign pledge and part of a national plan to develop 261 ultramodern markets across Ghana.
- The facility will include 100 lockable stores, 150 open stalls, washrooms, a police post, fire station, daycare, pharmacy, clinic, and a Women’s Bank.
- Additional components feature 10 warehouses, cold stores, a restaurant, shopping mall, livestock trading area, and a lorry terminal.
- The initiative aims to restore Asesewa's trade status, stimulate economic activity, create jobs, and unlock the economic potential of communities.
Why This Matters
This project is significant for Ghana as it represents a tangible effort to decentralize economic development and empower local communities through improved trade infrastructure. The inclusion of amenities like a Women's Bank and daycare directly addresses socio-economic barriers, fostering inclusive growth and potentially boosting local economies nationwide if replicated successfully.
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GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
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- Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
- GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
- This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
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Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
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