Kantamanto Market Traders Seek Government Support After Devastating Fire
The leadership of Kantamanto Market is urgently calling on the government to provide financial assistance to traders affected by a recent fire that destroyed numerous stalls and shops. The blaze, which broke out in the early hours of January 2, 2025, has left many traders in distress, with their livelihoods hanging in the balance.
Urgent Appeal for Soft Loans to Rebuild Businesses
Adutwum Atta Manu, the Market Manager, has emphasized the need for soft loans to help affected traders recover and restart their businesses. Speaking on behalf of the traders, Manu highlighted the significant losses suffered, including capital and investments, and appealed to the government for immediate support.
“We have lost a lot of investment, our capital, and we don’t have money now. We’re appealing to the government to help us. As the Regional Minister, Linda Ocloo, said, we hope they can create an avenue for us to access soft loans so we can rebuild our businesses,” Manu stated.
For more information on government support programs, visit the Ghana Government Official Portal.
Government Pledges Commitment to Traders
Regional Minister Linda Ocloo has pledged the government’s commitment to supporting the affected traders. While details of the assistance are yet to be finalized, Ocloo assured the market leadership that efforts are underway to provide the necessary aid.
The government’s response is critical, as Kantamanto Market is one of the largest trading hubs in Ghana, supporting thousands of livelihoods. The fire has not only disrupted businesses but also raised concerns about market security and safety measures.
To learn more about disaster recovery and support initiatives, check out the National Disaster Management Organization (NADMO).
Enhanced Security Measures to Prevent Future Incidents
In the wake of the fire, market leadership has announced plans to implement enhanced security measures to prevent future incidents. These measures include:
- Engaging private security firms to oversee market operations.
- Regulating market hours, with opening at 5:00 a.m. and closing by 6:00 p.m.
- Assigning dedicated personnel to manage security and safety protocols.
“We’re going to engage the services of private security to help us select those who will be in charge of security. The market will be open at 5:00 a.m. and closed by 6:00 p.m.,” Manu explained.
For tips on improving business security, visit Business Ghana Security Resources.
Call to Action: Support the Recovery Efforts
The Kantamanto Market fire is a stark reminder of the vulnerabilities faced by small businesses. To support the affected traders:
- Advocate for government intervention by sharing this story and raising awareness.
- Donate to relief efforts if possible, through trusted organizations.
- Encourage local businesses to explore insurance options to protect against future risks.
For updates on relief efforts and how you can help, follow the Ghana Chamber of Commerce