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    COCOBOD closes purchases for 2021/2022 main crop cocoa season

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    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

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Enforce safety standards to prevent gas explosions – COPEC to government

byMichael Ogbodu
November 20, 2020
in Government, News, Oil And Gas, Top Stories
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The Chamber of Petroleum Consumers-Ghana (COPEC) wants government and sector authorities to ensure that safety standards are adhered to at various fuel stations across the country.

This is on the back of an explosion which occurred last week at a gas station in the Volta Region.

Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah said the incident is a wakeup call for authorities to begin strictly enforcing safety standard in order to avert a recurrence.

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“There has been another explosion in the Volta Region. We are worried because it endangers every Ghanaian. We have said that past reports, recommendations and actions if we do not see them implemented, we will continue to have these challenges around us. Whatever happened in the Volta Region should be a wakeup call to authorities that there is still a lot of danger around us. We also believe that the regulators themselves are not leaving up to their billing. If you insist on standards being kept, we are quite certain that the near misses, the misses and the accidents could be mitigated altogether. Unfortunately, we are not getting anywhere,” he said.

3 dead in Ho explosion

Three out of the 14 people who suffered injuries during the explosion at the Mighty Gas filling station in the Volta Region have died.

The 14 were rushed to the Ho teaching hospital shortly after the fire swept through some commercial cars on the dawn of Wednesday, November 11, 2020.

The sound of the explosion at the gas station which is very close to the Ho teaching hospital drew the attention of residents who called personnel from the Ghana National Fire Service.

But for the swift intervention of the fire service, the explosion would have spread to the hospital.

Meanwhile, two other critically injured persons have been transferred to the Korle Bu Teaching Hospital due to the unavailability of a Burns and Plastic Center at the Ho Teaching Hospital.

The gas company temporarily shut down to pave way for thorough assessment, repairs and improvements after the incident.

Gas explosions across the county

A number of explosions have occurred across the country this year leading to loss of lives and properties running into tens of thousands of cedis.

For instance, two people lost their lives while 22 others were in critical condition after a gas cylinder exploded at Akwabose, a community in the Upper Denkyira West District of the Central Region.

The incident happened on Sunday, July 26, 2020, at a gold refinery facility in the area.

A building close to the explosion also had parts of its roof ripped off.

Cylinder Recirculation Model; Government’s solution to explosions at LPG stations

Ghana currently has over 600 LPG refilling stations nationwide. A number of gas explosions have been recorded in the last five years with Ghanaians calling for better handling of LPG.

Government however introduced the Cylinder Re-circulation Model to help reduce such explosions and enhance safety.

As part of the module, gas cylinders will no longer be filled up as gas retail outlets, but cylinders will be bought from distributors each time it runs out.

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Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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