Ato Forson (M) with an entourage at the site
Ahead of the 2026 Budget presentation, the Minister of Finance, Dr Cassiel Ato Forson, has given assurances that work is set to resume on the stalled Takoradi Market Circle redevelopment site, in 2026.
In a post on his X handle on November 8, the minister, who had paid a visit to the site, reiterated the government’s commitment to revitalise the space for thousands of traders and families.
He noted that the contractor will return “early next year” as the government concludes its ongoing debt-restructuring exercise.
“I journeyed to Takoradi yesterday to inspect the abandoned Market Circle project. Standing at the heart of this vibrant city, the site reminded me of the immense promise it holds for thousands of traders and families.
“I’m pleased to assure our compatriots there that the contractor will return to the site early next year as we conclude the ongoing debt restructuring,” he said.
President Mahama pledges to complete stalled Takoradi Market Circle project
The Takoradi Market Circle redevelopment, initiated to transform the commercial hub in the twin-city of Sekondi‑Takoradi in the Western Region, has faced repeated delays.
The project, which was launched in 2022, was touted as a major commercial infrastructure investment in the region.
The project was suspended in March 2023 as part of a government decision to meet the conditionalities set by the International Monetary Fund for a bailout.
In September 2025, the contractor claimed that the suspension of works had cost up to €30 million.
With the visit coinciding with the upcoming budget, Minister Forson’s pledge signals that the project will be among the government’s infrastructure priorities.
However, this promise hinges on the conclusion of Ghana’s debt-restructuring process.
See the post below:
Ahead of the 2026 Budget Presentation on Thursday, November 13, 2025, I journeyed to Takoradi yesterday to inspect the abandoned Market Circle project.
Standing at the heart of this vibrant city, the site reminded me of the immense promise it holds for thousands of traders and… pic.twitter.com/8IeQ6eSKFl
— Cassiel Ato Forson (PhD) (@Cassielforson) November 9, 2025
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