NPP government wants to collapse businesses in Kumasi – Lecturer suspects

A Lecturer with the Kumasi Technical University (KTU), Mr. Collins Kankam Kwarteng has accused the government of taking a draconian decision which will collapse many businesses in the second largest capital, Kumasi.

According to the Marketing Lecturer, retail businesses within the metropolis will suffer a huge setback should the Kumasi Metropolitan Assembly (KMA) insist on taking GH¢500,000 as registration fee from traders before allocating them shops at the newly developed Kejetia market.

“How can a petty trader pay such amount and also renew annually? …I think it is deliberate attempt by KMA to collapse our businesses”, Mr. Collins Kankam Kwarteng revealed on Kumasi-based Otec FM’s morning show monitored by MyNewsGh.com.

The outspoken political social commentator therefore urged President Akufo-Addo to ensure amount being demanded from the traders by KMA is slashed down to enable more traders to sustain their retailing businesses.

Phase one of the Kejetia Market Redevelopment Project has 8,420 shops. The second one is expected to house 6,500 leasable commercial spaces, 5,400closed stores; 800 kiosks, 50 restaurants and 210 fishmonger and butcher stores, 40 livestock stores, among others.

Asantehene, Otumfuo Osei Tutu II, has ordered city authorities in Kumasi to immediately open the facility for business saying delaying occupants of shops which have left traders in uncertainty.