Alan Kyerematen advocates establishment of 2bn dollar market infrastructure development fund

Following the devastating fire at Kantamanto Market, Alan Kyerematen, founder of the Movement for Change, has urged the government to create a $2-billion Market Infrastructure Development Fund.

Speaking to journalists, Mr. Kyerematen proposed an initial seed capital of GHȼ500 million, bolstered by tax-deductible contributions from the private sector.

He stressed that modern markets are essential for stabilising prices, supporting small businesses, and boosting economic productivity.

He also suggested that Metropolitan, Municipal, and District Assemblies dedicate a percentage of market toll revenues to the fund, ensuring consistent financial inflows for developing resilient trading environments across all 260 districts.

Mr. Kyerematen's plan aligns with his Great Transformational Plan (GTP), advocating for safer, efficient markets to drive economic transformation and safeguard livelihoods.