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27.03.2008 Business & Finance

Government to use Millennium Bonds funds to construct modern regional markets

By Accra Mail



The government would use part of the millennium bond that is being sold to build modern markets for every regional capital in the country.

Each of the planned market would have a crèche, day nursery, a clinic, banks and other facilities that would meet the desires of current and future generations.

Nana Akwasi Adjei-Boateng, New Juaben Municipal Chief Executive, disclosed this at the inauguration of the rehabilitated part of the Koforidua Central market that got burnt in early February this year.

He said the Municipal Assembly was currently looking for an appropriate site for the construction of such a market and urged the market women to co-operate with the government when the project takes off.

Nana Adjei-Boateng said the rehabilitation cost the Assembly 9,600 Ghana Cedis and urged the traders to protect the market against such incidents.

He also urged them to find a way of warning their friends and relations who engaged in activities that could bring problems at the market.

He advised the traders to pay their market tolls and rates of their stalls and stores for the Assembly to always have sufficient resources to support them.

Nana Adjei-Boateng said the Municipal Assembly was still discussing with the Member of Parliament for the area on how to raise funds to support the market women who lost their monies and wares in the fire outbreak and promised that when the various arrangements were completed they would be informed.

He advised the traders that those whose business funds were above 5,000 Ghana Cedis should take an insurance policy to cover their businesses so that in case of theft or fire outbreak the insurance companies could help.

Nana Ama Bonsu, Koforidua Market Queen mother thanked the Municipal Assembly for the early completion of the project and pleaded with the Assembly to help the market women to reconstruct their containers so that they could safely keep their goods after sales.

She advised the market women to save their money at the Merchant Bank near the central market to avoid theft or having it burnt when there is a fire outbreak at the market.

Nana Ama Bonsu said to enable the market women save their daily sales, the bank had decided to close at 1800 hours.

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