Government through parliament secured the Brazilian loan last year to re-build the fire-prone market which will be the biggest in the sub-region
President John Dramani Mahama has announced that government has finalised arrangements with the Brazilian government to construct an ultra-modern market at the site of the Kumasi central market.
President Mahama on Sunday paid a courtesy call on the Asantehene, Otumfuo Osei Tutu at the Manhyia Palace, where the two held a closed-door meeting.
He was accompanied by the First Lady, Mrs Lordina Mahama, the Chief of Staff, Mr Julius Debrah, some ministers of state and the Chief Executive of the Kumasi Metropolitan Assembly (KMA), Mr Kojo Bonsu.
The market when completed would be a model one in the entire West African Sub region, would also serve neighboring countries, considering the centrality of Kumasi.
Thousands of traders at the Kejetia market have been demonstrating for months over their relocation to make way for the commencement of an ultra modern market.
The project is expected to cost government about $298 million.