Mr Kobla Nyaletey, Executive Director, of Retail and Business Banking, at Absa Bank Ghana who led the congregation to Kantamanto has said that Absa Bank will offer a 10% interest rate on loans for traders who were affected by the recent fire at Kantamanto.
This, he said is a demonstration of the bank’s commitment to supporting Ghanaian small businesses or traders who were affected by the devastating fire on January 2.
The Executive Director of Retail and Business Banking made these remarks during a donation of GH¢100,000 in cash and GH¢50,000 worth of roofing sheets summing up to GH¢150,000 to aid the rebuilding efforts of the traders.
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The brief presentation at the Kantamanto market was attended by officials of Absa Bank and representatives of all the trading associations in Kantamanto.
During his remarks, Mr Nyaletey expressed his deep sympathy for the traders’ losses and emphasized Absa Bank’s proactive support.
Furthermore, he outlined other key initiatives for the traders, indicating that the institution will launch its presence within Kantamanto Market to facilitate seamless transactions.
Mrs Audrey Abakah, Director of SME, Agency Banking, and Partnerships at Absa Bank, also highlighted the bank’s commitment to supporting traders through innovative financial solutions.
The donation from the bank comes as a number of institutions and individuals have donated or made promises to support affected traders.
Source: Accra Street Journal
Last Updated on March 9, 2026 by Samuel Kwame Boadu
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Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.
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