Traders at Accra’s Kantamanto Market will now pay an annual Business Operating Permit (BOP) of GHS 100 per shop. This new fee follows an agreement between the Kantamanto Obroniwawu Businesses Association (KOBA) and the Accra Metropolitan Assembly (AMA). The reduced rate took effect on May 11, 2026. It offers financial relief to market members. These traders are still rebuilding after a major fire.
The devastating fire in January 2025 destroyed approximately 60% of Kantamanto Market. The new permit fee acknowledges the financial strain on traders. Many face higher bale prices and lower quality second-hand clothing. KOBA General Secretary Adwutuwwm Atta Manu stated the agreement followed months of negotiations. "We are aware of many financial constraints impacting our members," Atta Manu said in a statement. The new arrangement saves members GHS 524.00 per year compared to older fees.
This concession fits into the broader economic recovery narrative for Ghana. Kantamanto is one of the world's largest second-hand clothing markets. Its traders are crucial to local commerce. The market's fortunes directly impact jobs and livelihoods for thousands. Government and city authorities often seek to balance revenue collection with supporting the informal economy. This deal shows a responsive approach to economic hardship.
KOBA represents around 30,000 traders and retailers. The association formed in July 2025 after the fire. It is supported by Ghanaian NGO The Or Foundation. "The result is a testament to our strong working relationship with AMA," Atta Manu added. He expressed commitment to acting in the best interests of KOBA members. He called for cooperation with the AMA for future progress.
This development has implications for financial planning by market traders. The reduced cost eases immediate financial burdens. It encourages continued formal engagement with the AMA. Traders are urged to cooperate during permit renewals. This cooperative step aids overall market recovery and unity. The AMA's decision signals a recognition of the economic realities faced by small businesses in Accra. Future policy decisions may consider similar relief measures.