Makola Traders Demonstrate Against “Exorbitant” Rent Charges in Accra

Traders at Makola No. 2 Market, located in the heart of Accra’s bustling Greater Accra Region, have raised their voices against what they describe as “exploitative” rent conditions, causing widespread disruption in the commercial hub.

The protest, which began on Thursday, February 26, centers around a series of financial demands that traders argue are unfair, including a 20 percent rent increase imposed on them after more than 30 years of tenancy at the market.

The property is owned by the Social Security and National Insurance Trust (SSNIT), and traders claim that the new terms are unsustainable and threatening their livelihoods.

Makola Market has long been a cornerstone of trade in Accra, with hundreds of vendors relying on it as their primary source of income. Many of the traders have occupied their stalls for decades, building their businesses and creating a vital connection to the local economy.

The sudden rent hike, they argue, is not only exploitative but has the potential to drive many of them out of business. The protests have significantly affected trade in one of the busiest commercial areas in the region, with vendors shutting down their stalls in solidarity.

The traders are calling on both the government and SSNIT to intervene and reassess the new rent terms. They argue that, given their long-term occupancy and contribution to the market’s success, they deserve fair treatment. The demonstrators are requesting a meeting with authorities to address the financial pressures they are facing and seek a solution that ensures their continued ability to trade in the market.

“We’ve been here for over 30 years, and the market has grown to be what it is today because of the traders,” said one protestor. “These exorbitant charges are making it impossible for us to continue. We just want fairness.”