The government has donated GH₵1 million to support victims of the Kantamanto Market fire, which destroyed over 7,000 shops in Accra on January 2, 2025.
The gesture fulfills a pledge made by President John Dramani Mahama during a visit by the Kantamanto Traders Association, representing 13 groups, shortly after his inauguration. Weeks after the devastating fire, which affected over 30,000 traders, the government, through the Chief of Staff and senior officials, presented the compensation on behalf of the President.
In addition to the financial support, the government expressed its readiness to assist in rebuilding the Kantamanto market into a multi-purpose modern facility. The new design is expected to enhance business operations for used clothes dealers and other traders while ensuring better safety measures.
The Chief of Staff also emphasized the importance of dialogue to redesign the market enclave. This would improve accessibility, ensure rapid response to emergencies, and enhance security to prevent similar incidents in the future.
Speaking on behalf of the traders, the Chairman of the Kantamanto Traders Association, Rev. Opoku Afreh, expressed gratitude for the government’s support. He disclosed that the association is in talks with Access Bank to secure a $100 million loan to construct a modern market.
Rev. Afreh further called on the government to resolve ongoing disputes over the affected land, which could impede redevelopment efforts.
Background on Market Fires in Ghana
Market fires have become a recurring challenge in Ghana, particularly in major urban centers like Accra and Kumasi. These incidents often result in significant financial losses for traders, with thousands of livelihoods disrupted. Factors such as faulty electrical wiring, poor waste management, and limited access for fire responders contribute to the frequency and severity of such fires.
In response, civil society organizations and government agencies have called for improved market infrastructure, including the use of fire-resistant materials, installation of fire detection systems, and enhanced security protocols. Additionally, there is an increasing push for modern market designs that prioritize safety and accessibility, ensuring traders can operate in secure environments. The Kantamanto fire underscores the urgent need for these reforms to protect Ghana’s vibrant trade economy.
