{
  "id": 8893411,
  "title": "Kejetia market phase 1 shops bought for GH¢25k being resold for up to GH¢120k – Govt",
  "url": "https://urgent.news/2026/09/21/kejetia-market-phase-1-shops-bought-for-gh-25k-being-resold-for-up-to",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T09:31:10.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/kejetia-market-phase-1-shops-bought-for-gh%c2%a225k-being-resold-for-up-to-gh%c2%a2120k-govt/"
  },
  "original_language": "en",
  "account": "The local government in Ghana is facing a concerning trend of shop owners at the phase one of the Kumasi Central Market Redevelopment project subletting their shops at vastly inflated prices. During a stakeholder meeting, the sector minister, Mahama Ayariga, revealed that some shop owners were charging up to four times the original premium cost of 25,000 cedis for their spaces. These shop owners initially paid only 25,000 cedis for the premium but are now renting out their shops for between 100,000 to 120,000 cedis. This unfair practice has led to a significant shortfall in the expected premium payments, with only half of the anticipated 5-year premium payment collected so far. The money was meant to fund the second and third phases of the redevelopment project, but so far, only 89 million cedis have been collected, far from the required funds to complete the project. The city mayor has warned traders to settle all outstanding premium debts by the end of December to avoid losing their shops.",
  "summary": "The local government ministry is learning of what it describes as an unfair trend among shop owners at the phase one of the Kumasi Central Market Redevelopment project who are subletting their shops beyond its original premium and market value. At a government stakeholder meeting in Kumasi, sector minister, Mahama Ayariga says preliminary assessment of […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}