It said traders, who entered into any form of agreement and had paid monies to anyone purporting to be acting on behalf of the assembly did so at their own risk.
This was contained in a press release signed by Clement C. Kegeri, Public Relations Officer (PRO), to the Metropolitan Chief Executive.
The assembly said it had come to its notice that some individuals had been collecting money from the traders under the pretext of providing them space at the Sofoline to do their business.
It asked the traders to beware of impostors, who would attempt to swindle them.
“We want to place on record that the stretch of land around Sofoline to Kwadaso Market belongs to the Veteran Association of Ghana (VAG)” and that, the KMA is negotiating with the association for its future development.
The KMA warned that it would not hesitate to pull down all unauthorized structures erected on the said land.