Kejetia Market: Traders to pay between GHC7k and GH¢40k premium for five years


Trader who wants to own a lockable shop at the newly developed Kejetia Market has to pay a whooping minimum amount of GH¢ 7,300 for a 2.25 square meters and a maximum of GH¢40,000 for a 12 square meters, as a premium for five years.

This was made known to the traders by the chairman of the seven members Validation and Verification Committee, Nana Agyenim Boateng, when addressing the traders and other stakeholders at the Kumasi Cultural Centre on Tuesday, May 7, 2019.

The meeting came in the wake of an order issued by the Asantehene, Otumfuo Osei Tutu II, directing the KMA and the 11 member committee to bring back store owners and traders who were displaced as a result of the construction of the first phase of Kejetia Redevelopment Project to the new facility.

According to Nana Agyenim Boateng, who also the traditional chief for Amoaman Traditioanl Area at the Atwima Nwabiagya district of the Ashanti region, the Kumasi Metropolitan Assembly (KMA) has engaged the services of Fidelity Bank, Ghana, to pre-finance the payments of the rent for traders who cannot afford immediately.

He has also ordered that the 5,000 traders and hawkers operating in the Kumasi Central Market must also be properly and immediately relocated to pave way for the commencement of the Phase Two of the project.

According to him the Kumasi Metropolitan Assembly has engaged to service of Fidelity bank to pre-finance the payment of the rent for the traders who cannot foot the premium.

This, he noted, will enable the traders to get a reasonable capital to start businesses as soon as the market is opened.

The Chief Executive Officer for KMA, Hon Osei Assibey Antwi , assured the traders that the committee has finished their report and will hand over to the assembly Friday, May 10, 2019, for its implementation.

“KMA will meet all the leadership of the various traders groups at Kejetia and Central market to finalize procedures to pave way for the opening of the market. I assured you that any trader captured during the verification and validation process will be given his or her shop” he said.

Source: Ghana/ Appiah

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