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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    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

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

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

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    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

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    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

  • 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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Businesses must abide by regulations to prevent fire outbreaks – Bureau of Public Safety

byMichael Ogbodu
January 13, 2021
in Business, News, Top Stories
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The Bureau of Public Safety is admonishing businesses across the country to fully comply with the Fire Precautions (Premises) Regulations L.I. 1724.

According to the bureau, following the regulations will help prevent the frequent occurrence of fire outbreaks especially at business centres in Ghana.

Executive Director of the Bureau, Nana Yaw Akwada
Executive Director of the Bureau, Nana Yaw Akwada

Executive Director of the Bureau, Nana Yaw Akwada believes these loses can be prevented if the L.I. is complied with.

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“I think with the issue of fires at workplaces, it’s an ongoing concern. Workplaces must, first of all, ensure that they comply with the demands of the L.I. 1724 requiring that we train at least 40% of our staff in fire prevention and fighting. If 40% of your staff is knowledgeable about how to prevent and fight a fire that is huge insurance to the company. It’s important that we understand that fires happening in the workplace the potential of it to bring down your capital to zero is very high.”

One of the key stories that made the rounds last year were fire-related, particularly due to how frequently they occurred.

In the capital, for instance, just a few days before Christmas, fire gutted the Kaneshie market affecting 9 shops but razed 6 of them.

A few days before that there had also been a fire at the Kantamanto market affecting several shops in the area.

In November last year, there was an outbreak at the GCB Bank Liberty House branch that affected a number of floors of the building. Fortunately, there were no major loses according to management.

On Sunday, January 10, 2021, two separate fires were recorded in the Ashanti Region.

11 shops at the Republic Hall Mini Market at the Kwame Nkrumah University of Science and Technology were burnt while several shops at a commercial building at the Aboabo station took a hit.

Goods worth millions of Ghana cedis were lost in these two instances.

Cases like these are the reasons why the Bureau of Public Safety believes the Fire Precautions (Premises) Regulations L.I. 1724 must be strictly followed by businesses.

The Fire Precautions (Premises) Regulations L.I. 1724 among other things mandates that persons employed to work on the premises of an entity receive training on what to during fire incidents.

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