To that effect, the international financial institution has sent technical experts to undertake feasibility studies on the project, which is expected to take-off in 2018.
Madam Dina Attaa-Kusiwaa, the Nkoranza South Municipal Chief Executive (MCE) announced this at a Town Hall Meeting held on Wednesday at Nkoranza.
It was organised by the Ministry of Information in collaboration with the Ministry of Local Government and Rural Development and was attended by security service personnel, chiefs, queens, Heads of Departments, Assembly members, Civil Society Organisations and some students.
She said the market had been designed to contain stores, stalls, sanitary facilities, pavements and access roads.
Madam Attaa-Kusiwaa said the Municipal Assembly had initiated many development projects in the local communities which would be executed very soon to bring improvement in the livelihoods of the dwellers.
She cited the projects to include; the construction of a Health Centre at Akumsa Domase, teachers’ quarters and a borehole at Asonkwaa, a Police Station at Donkro-Kwanta and a Three Unit Classroom block at Dotobaa and Pruso.
The MCE added that the Assembly was also poised to ensure that all on-going projects started by her predecessor in the Municipality were also completed.
They include; rehabilitation of some feeder roads, markets and other educational and health infrastructure.
Madam Attaa-Kusiwaa said the Assembly had provided scholarships amounting to GH¢ 36,150.00 to 68 needy but brilliant students in the Municipality to support their education.
She commended the government for the implementation of the Free Senior High School, Planting for Food and Jobs, One-District One-Factory, One-Village-One Dam and the Zongo Development Fund policies and programmes.
Mr Moro T Ayibani, the Brong-Ahafo Regional Information Officer said the meeting offered the people the opportunity to exchange ideas and demand accountability from duty- bearers.
Nana Effa Adomako, the Akyeamehene (chief linguist) of Nkoranza traditional area, who presided, commended the organizers of the programme, saying its continuity would help to deepen the decentralisation and local governance concept.