Business News of Thursday, 16 July 2026

Source: www.ghanaweb.com

President Mahama cuts sod for 24-Hour Economy Model Market in Juapong

The sod-cutting ceremony took place on Thursday July 16, 2026 The sod-cutting ceremony took place on Thursday July 16, 2026

President John Dramani Mahama has cut the sod for the construction of a 24-Hour Economy Model Market in Juapong in the North Tongu District, marking the start of a project aimed at boosting local commerce, creating jobs and stimulating economic growth in the Volta Region.

The sod-cutting ceremony took place on Thursday July 16, 2026, as part of the President's two-day Resetting Ghana tour of the Volta Region.

Addressing residents and stakeholders, President Mahama said the market would serve as a modern economic hub to support farmers, traders, entrepreneurs and small businesses.

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According to him, the facility will go beyond providing trading space by offering infrastructure for storage, processing, packaging, distribution, digital commerce and access to financial services.

The President reaffirmed the government's commitment to accelerating development in the Volta Region through investments in roads, healthcare, education, agriculture, transport, markets and agro-industrial projects.

He said Juapong's strategic location positions it to become an important commercial and industrial centre in the region.

The Juapong Model Market is one of the flagship projects under the government's 24-Hour Economy programme and has been classified as a Category Four Market, the highest classification under the initiative, reflecting its expected role in driving economic transformation in the region.