The ceremony took place in Dormaa Ahenkro on day one of the President's two-day tour of the Bono Region.

The tour is to enable the President to inspect ongoing government projects, break ground for the construction of new ones, and commission completed projects.

The 24-hour Model Market Initiative, which is part of the government’s flagship 24-hour Economy and Accelerated Export Development Programme, has been designed to play a pivotal role in reducing congestion in Ghana’s major markets while enhancing productivity and local economic growth.

In his address, President Mahama announced that each of the 261 District, Municipal and Metropolitan Assemblies (MMDAs) across the country would have a 24-hour market.

He noted that each 24-hour market would have facilities such as shops, restaurants, office space, a clinic, a police station, a fire station, a cold store, a lorry station, a section for vegetable sellers, a daycare centre for the children of women traders, and a bank.

President Mahama said the government would begin with the Women’s Development Bank, which is yet to be inaugurated.

He noted that traders displaced by the construction of the 24-hour market would be given priority in the allocation of space upon its completion.

Osagyefo Oseadeeyo Agyeman Badu II, Paramount Chief of the Dormaa Traditional Area and President of the Bono Regional House of Chiefs, commended President Mahama for stabilising the cedi and the economy.

He also thanked the President for undertaking the construction of major roads within the region.

He said one major industry in the Dormaa Traditional Area was poultry, and that recently eggs exported to neighbouring Burkina Faso were seized and destroyed in that country.

He therefore appealed to President Mahama to investigate the matter.

In response, President Mahama assured the traditional ruler that he would engage his Burkinabe counterpart to ascertain what went wrong.

From Dormaa Ahenkro, President Mahama proceeded to inspect ongoing construction works on the Jinijini–Sampa road.