Toward maximising profits from markets: an analysis of the management structure of markets in Kumasi, Ghana

Foster Opoku (), David Forkuor and Kabila Abass
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Foster Opoku: Kwame Nkrumah University of Science and Technology
David Forkuor: Kwame Nkrumah University of Science and Technology
Kabila Abass: Kwame Nkrumah University of Science and Technology

SN Business & Economics, 2023, vol. 3, issue 3, 1-18

Abstract: Abstract As in many other countries, markets are found to be cardinal centres of job creation, income generation, and revenue mobilisation in Ghana, especially in the urban milieu. They are vital places for expanding community access to basic amenities, social services, and infrastructure development. However, the full prospects of markets, including satellite markets (SMs), may not be realised if they are not effectively managed by local governments. Drawing on the experiences of five SMs in Kumasi, Ghana, this qualitative study through interviews examines the management structure of markets teasing out its challenges. The study found that the management structure of markets involves mainly three-tier levels. Occupying the apex are the local assemblies (local governments) who have the constitutional power to allocate trading space, collect revenues, manage wastes, ensure security and safety, and repair and maintain the market, among others. The local assemblies are conventionally supported by market queens (Dwahemaa) and commodity-specialised leaders (Adwadifuokuohemaa). A major challenge identified was that weak collaboration existed among these actors of market management. For effective management of trading activities in the city geared towards the maximisation of market benefits, the study recommends the creation of a well-resourced and coordinated market management structure involving all relevant actors and stakeholders.

Keywords: Urban markets; Market benefits; Market management; Market leaders; Kumasi markets (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s43546-023-00442-3

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