The Ghana Union of Traders Association (GUTA) has donated GH₵40,000 to support the reconstruction of the Kantamanto market, ravaged by a fire on January 2, 2025.
The donation, made by GUTA’s First Vice Chairman, Clement Boateng, aims to alleviate the plight of traders who lost their livelihoods in the disaster.¹
During the presentation, Boateng appealed to financial institutions to assist the affected traders by rescheduling loan repayments to allow them more time to repay their loans and recover from their losses.
This appeal is crucial, as many traders had taken out loans from banks to finance their businesses.
The Kantamanto market fire has sparked widespread concern and calls for support. Many key figures, including Nana Kwame Bediako, a business entrepreneur and presidential hopeful, and former Vice President, Dr Mahamudu Bawumia, amongst others, have donated monies to support the affected traders
He said, “I will take this opportunity to appeal to the banks because I know that a lot of people here have taken some facilities from the bank. So, I want to appeal to all the financial institutions that our members have taken facilities from to please reschedule their facility arrangement so that they are supposed to repay the facility, which will be extended for them to have some respite.”
