Thanks to some transformational lending, Ghana’s Kumasi Market is undergoing a makeover that is set to transform the Ashanti economy and all it touches. flow tells the story of a project involving three governments, a Brazilian contractor and Deutsche Bank’s Structured Trade & Export Finance team
On 6 November 2018, excitement was building in the Ashanti region of South Ghana as crowds started to gather around the Kejetia area of Kumasi.
What was once the former Prince of Wales Park had been transformed into a new covered market, and the UK’s actual Prince of Wales was paying a visit to review the progress of a US$259m project started in July 2015, as a guest of Ashanti Kingdom ruler King Otumfuo Osei Tutu II.1 With Phase One being complete, the royal visit marked an important milestone for Ghana in terms of its ongoing infrastructure strategy.
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