The Kumasi Metropolitan Assembly (KMA) has denied rumours that it had sold the Kejetia Lorry Terminal to a private company. "The terminal has not been sold to any woman as is being speculated in certain quarters," a statement signed by the Public Relations Officer of the assembly, Mr Kwame Frimpong stated.

It said what the assembly had rather done was to cede the day-to-day management of the terminal to a private transport management company through a competitive and open bidding process.

The statement said the privatisation of the terminal to Freko FD Limited, which had a renewable two-year mandate to run Kejetia, was to ensure that it generated adequate but reasonable returns. It would also ensure that the terminal was maintained in its present pristine condition in the years ahead.

The Assembly gave the assurance that ownership of the terminal still remained in its hands adding that it was its general assembly that determined tolls and levies collected at the park.