News
President Mahama cut sod for construction of 24-Hour Economy Model Market in Juapong

- /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://spectator.com.gh/wp-content/uploads/2026/07/WhatsApp-Image-2026-07-16-at-13.57.28.jpeg&description=President Mahama cut sod for construction of 24-Hour Economy Model Market in Juapong', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/u249204778/domains/spectator.com.gh/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://spectator.com.gh/wp-content/uploads/2026/07/WhatsApp-Image-2026-07-16-at-13.57.28.jpeg&description=President Mahama cut sod for construction of 24-Hour Economy Model Market in Juapong', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
President John Dramani Mahama today cut the sod for the construction of a 24-Hour Economy Model Market in Juapong, North Tongu District, marking the commencement of a transformative project aimed at boosting local commerce, creating sustainable jobs, and driving economic growth in the Volta Region.
The sod-cutting ceremony formed part of the President’s two-day ‘Resetting Ghana Tour’ of the Volta Region.
Addressing residents and stakeholders, President Mahama described the proposed facility as a modern economic centre designed to empower farmers, traders, entrepreneurs, and small businesses.
He noted that beyond serving as a marketplace, the project will provide critical infrastructure for storage, processing, packaging, distribution, digital commerce, and access to financial services.
The President reaffirmed Government’s commitment to accelerating development across the Volta Region through strategic investments in roads, healthcare, education, agriculture, transport, markets, and agro-industrial initiatives.
He highlighted Juapong’s strategic location and economic potential, indicating that the town is well-positioned to emerge as a key commercial and industrial destination within the region.
As part of the flagship 24-Hour Economy programme, the Juapong Model Market will be among the largest facilities under the initiative.
The project has been designated as a Category Four Market, the highest classification within the programme, reflecting its significance to the region’s economic transformation.
News
Captain Smart pledges massive infrastructure development in Gomoa West

Broadcast journalist and aspiring National Democratic Congress (NDC) parliamentary candidate for Gomoa West, Blessed Godsbrain Smart, popularly known as Captain Smart, has pledged to embark on major infrastructure development if elected to represent the constituency in Parliament.
Speaking on Onua TV platform, Captain Smart said his priority would be to transform Gomoa West through extensive development projects.
“I will turn the constituency into a construction site,” he declared, stressing his commitment to improving infrastructure across the area.
Although much of his remarks focused on rallying supporters in local languages, he repeatedly assured residents that they would witness significant development under his leadership.
Captain Smart also urged party supporters to remain united and actively participate in the party’s internal activities ahead of the parliamentary primaries.
He expressed confidence in his bid and promised to work hard to improve the lives of people in Gomoa West if given the opportunity to serve as their parliamentary candidate.
By: Jacob Aggrey
News
CAGD denies claims that GH¢11 billion has been spent on Accra Kumasi Expressway

The Controller and Accountant General’s Department (CAGD) has dismissed claims circulating on social media that the government has already spent nearly GH¢11 billion on the Accra Kumasi Expressway project even though major construction has not begun.
In a statement, the department explained that the claim was based on a misunderstanding of government accounting procedures.
According to the CAGD, the Accra Kumasi Expressway is one of the government’s flagship infrastructure projects.
To ensure steady financing and avoid delays and cost overruns, the government, through the Ghana Infrastructure Investment Fund (GIIF), established Accra Kumasi Expressway Limited as a Special Purpose Vehicle (SPV) to implement the project.
The department said Parliament approved the use of proceeds from the Annual Budget Funding Amount (ABFA) and mineral royalties in the 2025 Budget to finance the project. It added that the approved funds were transferred from the Consolidated Fund into a dedicated Bank of Ghana account.
However, the CAGD stressed that the money has not been paid to any contractor and has not been used for construction works.
According to the statement, the funds remain in the dedicated Bank of Ghana account and will only be used when the project moves into the execution stage.
The department also clarified that the ongoing right of way clearing by the Ghana Armed Forces is a separate preparatory activity and is not being financed with the earmarked funds.
Explaining the accounting treatment, the CAGD said government operates through three levels: Central Government, Local Government and Government Business Entities, including State Owned Enterprises such as Accra Kumasi Expressway Limited.
It noted that under public financial management rules, transfers from the Consolidated Fund to government entities outside the Central Government accounting group are recorded as grant expenditure in the books of Central Government and as grant revenue in the books of the receiving entity.
The department said this is a standard accounting practice and does not mean the receiving entity has spent the money.
It added that the same accounting principle applies to transfers made to institutions such as the District Assemblies Common Fund, GETFund and the National Health Insurance Authority.
The CAGD therefore urged the public not to interpret the accounting records as evidence that the funds had already been spent on the Accra Kumasi Expressway project.
It assured Ghanaians that the accounting treatment for the project is fully consistent with the country’s Public Financial Management framework and established government accounting standards.
By: Jacob Aggrey








