Traders at Makola No. 2 Market are up in arms over steep rent hikes, with some facing increases from GHS 1,000 to GHS 1,500, sparking widespread protests and demonstrations. The traders are demanding urgent intervention, claiming the increments are unbearable.
According to Joy News, the traders are particularly concerned about the impact of the rent hikes on their businesses, which are already struggling to cope with the economic downturn. Many traders have expressed frustration and desperation, saying they cannot afford the new rates.
The rent hikes come amidst ongoing redevelopment efforts at the market, aimed at transforming it into a modern, multi-purpose commercial hub. The Accra Metropolitan Assembly (AMA) had previously agreed with traders to relocate by January 2026 to facilitate the redevelopment project {{IE_0}}ยน{{/IE_0}}.
Traders are calling on authorities to intervene and review the rent increases, which they believe are excessive and unfair. The protest highlights the challenges faced by traders in the informal sector, who often struggle to access affordable spaces and services.
The situation is being closely watched, with many awaiting the outcome of the traders’ demands and the government’s response.
The Makola Market, a key commercial hub in Accra, is known for its vibrant atmosphere and diverse range of goods, including fresh produce, textiles, and household items.
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Author: Korkor Anumu
