Yes you are able to access Shop metafields!
In your shopify.extension.toml file you will specify the name-space and key of the metafield you want to read in your Checkout UI extension.
# Loads metafields on checkout resources, including the cart,
# products, customers, and more. Learn more:
# https://shopify.dev/docs/api/checkout-ui-extensions/unstable/configuration#metafields
[[extensions.metafields]]
namespace = "my_namespace"
key = "my_key"
And in your extension you read the AppMetafields, or the useAppMetafields react hook.
If you are using React your extension code could look like this.
import {
Banner,
reactExtension,
useAppMetafields,
Text,
} from '@shopify/ui-extensions-react/checkout';
export default reactExtension(
'purchase.checkout.block.render',
() =>