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    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

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    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    African Finance Ministers tasked to allocate more resources into education sector

    Unilever Ghana PLC remains upbeat about future growth prospects

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    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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NIC takes steps to end market fires

byAnita Arthur Kissi-Mireku
November 18, 2020
in Local Economy, News, Top Stories
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Commercial buildings including outlets and structures for markets will henceforth only be granted operating permits if they are given the needed clearance from the National Insurance Commission.

According to the Commission, such a move is necessary to reduce to the barest minimum the occurrence of fire outbreaks at commercial centres.

For years, the country has had to deal with loss of human lives, livelihoods and property running into millions of cedis due to occasional fire outbreaks.

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The recent one was the destruction of shops and wares running into thousands of Ghana cedis at the Odawna pedestrian shopping centre near the Kwame Nkrumah Interchange in Accra on Wednesday, November 18, 2020.

In an interview with Citi Business News, head of supervision at the National Insurance Commission, Seth Eshun said his outfit is in talks with local authorities across the country to enable them to determine which commercial centres are fit for operation.

“We are in discussions with the local authorities and one of the purposes that we want to achieve with these discussions is to get to a stage where before they give any license for any commercial business, they will check if that building or if that space has insurance, and we believe that if we do this, and we do it especially for our markets it will be a solution. So these are very early discussions and its one of the key things that we seek to do to help protect markets”.

Mr. Eshun further explained that all markets will be mandated to have fire insurance coverage where areas which are deemed safer than others will be less premium than other market places.

“What would happen is that markets that are not very safe would have higher premiums and markets that are safe would have lower premiums and that will be an added advantage to ensure that the markets that are there have the right safety measures”.

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Ghana has the 4th cheapest average cost of internet in Africa – Statista

Africa’s internet economy to cross $180 billion by 2025: Report

Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

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Leverage crises to improve fortunes of continent – Ofosu-Dorte

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