Former President John Dramani Mahama has initiated the construction of a state-of-the-art 24-hour economy model market in Asesewa. This landmark project aims to re-establish Asesewa's historical importance as a thriving commercial hub. It will also create new economic opportunities for traders, farmers, and small businesses.
The groundbreaking ceremony, held on Friday, fulfills a major campaign promise. This promise is part of President Mahama's broader economic transformation agenda. The agenda seeks to stimulate district-level commerce, expand local enterprises, and create sustainable jobs through strategic infrastructure investment. This market is one of 261 ultramodern district-level markets planned nationwide.
This initiative fits into Ghana’s broader economic policy to decentralize growth. It aims to strengthen local supply chains and position communities as key drivers of national development. Such projects are crucial for Ghana's ambition to boost internal trade and reduce its reliance on external markets. The country has been recovering from recent economic challenges, including high inflation and currency depreciation.
President Mahama emphasized Asesewa’s long commercial history during the ceremony. He noted that the town's growth had been limited by outdated market infrastructure for years. He stated, “Historically, Asesewa has been a market town for many years, but over time, the infrastructure has not kept pace, affecting its growth.” The new market will not only improve trading conditions but also reposition Asesewa as an economic gateway.
The planned Asesewa market complex will be a modern, integrated commercial center. It will feature 100 lockable stores and 150 open trading stalls. The facility will also include 36 modern washrooms, an on-site police post, and a fire station. These features address traders' security, sanitation, and logistical needs.
Recognizing the vital role women play in local commerce, the project also incorporates social support infrastructure. A dedicated daycare center will provide childcare for market women. An on-site pharmacy and health clinic will offer healthcare services. A Women's Bank will improve access to credit and financial literacy for women entrepreneurs, many of whom are currently outside formal banking systems.
The complex will further boast 10 warehouses for bulk storage and two cold stores for perishable goods. A meat processing and sales shop, plus a restaurant, will enhance commercial activities. Additionally, a shopping mall with six guest rooms and a modern lorry terminal are planned. These additions will improve logistics and foster wider commercial expansion. This significant investment is projected to exceed GHS 250 million, reflecting the scale of the facility and its expected economic impact.