The Minister for Finance, Dr. Cassiel Ato Forson, has inspected the abandoned Takoradi Market Circle redevelopment project as part of his working visit ahead of the presentation of the 2026 Budget Statement on Thursday, November 13, 2025.
The Market Circle project, one of the most significant infrastructure developments in the Western Region, has been left unattended for the past three years.
During his visit, Dr. Forson expressed concern over the project’s long halt, describing the site as both a symbol of Takoradi’s economic resilience and a reminder of unrealized potential.
He assured traders and residents that the government is committed to completing the project, emphasizing that it has been captured as a priority project in the upcoming budget.
“The Market Circle project has been captured as a priority project of government, and work will resume next year,” Dr. Forson said.
He explained that the contractor is expected to return to site early next year once Ghana’s ongoing debt restructuring process is fully concluded, paving the way for the project’s revival.
Dr. Forson was accompanied by Deputy Finance Minister Thomas Nyarko Ampem, Western Regional Minister Joe Nelson, and the Metropolitan Chief Executive (MCE) of the Sekondi-Takoradi Metropolitan Assembly, Fredrick Faustinus Faidoo.
The redevelopment of the Takoradi Market Circle is expected to transform one of Ghana’s oldest trading centres into a modern commercial hub.
Upon completion, it will improve sanitation, ease congestion, and stimulate economic activity across the Western Region.
