The Ghana Union of Traders Association (GUTA) has donated GH¢40,000 to support the reconstruction of the Kantamanto Market, which was ravaged by a fire on January 2, 2025.

The donation, presented by GUTA’s First Vice-Chairman, Clement Boateng, aims to alleviate the plight of traders who lost their livelihoods in the disaster.

During the presentation, Boateng appealed to financial institutions to assist the affected traders by rescheduling their loan repayments to give them more time to recover from their losses. This appeal is particularly significant, 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, as well as former Vice President Dr. Mahamudu Bawumia, among others, have donated funds to support the affected traders.

Boateng stated, “I want to take this opportunity to appeal to the banks because I know that many people here have taken loans from financial institutions. I appeal to these institutions to reschedule loan arrangements, extending the repayment period to give the traders some respite.”