Origin, Growth and Functions of Periodic Market Centres Along the Volta Lake in Ghana

Abstract

This study outlines the historical factors and processes leading to the emergence and growth of 43 periodic market centres along the Volta Lake. The study's methodology involved the use of base maps and on-the-spot visits to locate the market centres, and observations and interviews at the centres. The development of the market centres were linked to the Volta River Project which involved the damming of the river at Akosombo in 1964 for hydroelectric power generation resulting in the formation of the Volta Lake. The study situates the development process within the context of the two main bodies of theory that explain the origin of market centres and concludes that the findings tend to unify the theories. Apart from their marketing functions, the market centres perform other services in the Volta Lake region. In confirming these functions, this study calls for greater attention to planning to maximize the potential of the market centres in stimulating growth at the local level and promoting national development.