Vice President and Flagbearer for the New Patriotic Party (NPP), Dr. Mahamudu Bawumia has indicated that the government is putting measures in place to build a new three-story, 120-store facility for the people in replacement of burnt Madina Market.
Dr. Bawumia visited the Madina Market following the recent fire incident. During his interaction with the traders, he reassured them regarding the government’s dedication to constructing a new three-story, 120-store facility for their benefit.
He further emphasized that the government is committed to providing financial assistance to support traders severely affected by the devastating fire incident. Recognizing their immense challenges in rebuilding their businesses and livelihoods, the government aims to alleviate their financial burdens and help them recover from the losses incurred.
This morning, in Madina, Accra, I toured parts of the Madina Market gutted by fire last week. I also commiserated with traders affected by the fire outbreak and conveyed the government’s concern, and immediate steps to replace the burnt shops with a new three-story, 120-store facility, as well as some financial support, after a verification process by the Municipal Assembly.
He stressed the importance of safeguarding their investments by acquiring fire insurance. He highlighted that unforeseen circumstances such as fire outbreaks could lead to devastating losses for businesses, and having insurance coverage would provide a safety net in such situations.
I also urged the traders, and all traders in our various markets, to take fire insurance and other insurance schemes seriously, to protect their investments.
