Credit: Kekeli K. Blamey
Alan Kyerematen, founder of the Movement for Change and a prominent advocate for economic transformation, has called on the government to establish a $2 billion Market Infrastructure Development Fund.
This proposal comes after the recent fire at Kantamanto Market, which highlighted the need for modern and resilient market infrastructure in Ghana.
According to Kyerematen, the proposed fund would provide a sustainable solution for financing the development of modern market infrastructure across Ghana, revitalizing commerce and distributive trade.
“The development of modern markets is critical to controlling inflation, stimulating small businesses, and creating wealth,” Kyerematen stated.
Mr. Kyerematen proposed that the fund be seeded with an initial GHȼ500 million and supplemented with contributions from the corporate private sector. To incentivize businesses to participate, he suggested making donations to the fund tax-deductible.
The proposed Market Infrastructure Development Fund aligns with Kyerematen’s Great Transformational Plan, which prioritizes economic stability and infrastructure development.
By establishing this fund, Ghana can position its markets as hubs of innovation and growth, driving national progress and improving the lives of its citizens.
As the government considers Kyerematen’s proposal, stakeholders are urging swift action to establish the fund and begin the process of modernizing Ghana’s markets.
