Ahead of the presentation of the 2026 Budget Statement on Thursday, November 13, 2025, the Minister of Finance, Dr Cassiel Ato Forson, visited Takoradi to inspect the Market Circle redevelopment project, which has remained abandoned for the past three years.
Dr Forson said the site represented both the immense promise and the unrealised potential of a project that means so much to thousands of traders and families.
He described the project as a symbol of Takoradi’s economic resilience and pledged the government’s firm commitment to seeing it completed.
“The Market Circle project has been captured as a priority project of the government, and work will resume next year,” Dr Forson stated.
The minister noted that the contractor would return to the site early next year after the completion of the ongoing debt restructuring, paving the way for the project’s resumption.
Dr Forson was accompanied by the Deputy Finance Minister, Thomas Nyarko Ampem; the Western Regional Minister, Joe Nelson, and the Metropolitan Chief Executive (MCE) of the Sekondi-Takoradi Metropolitan Assembly (STMA), Fredrick Faustinus Faidoo.
The Market Circle project, when completed, will transform one of Ghana’s oldest trading centres into a modern commercial hub — improving sanitation, easing congestion, and revitalising economic activity across the Western Region.
