HomeGeneral NewsNIC takes steps to finish market fires – Citi Enterprise Information

NIC takes steps to finish market fires – Citi Enterprise Information

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Industrial buildings together with shops and constructions for markets will henceforth solely be granted working permits if they’re given the wanted clearance from the Nationwide Insurance coverage Fee.

In keeping with the Fee, such a transfer is critical to cut back to the barest minimal the prevalence of fireside outbreaks at business centres.

For years, the nation has needed to cope with lack of human lives, livelihoods and property operating into hundreds of thousands of cedis because of occasional hearth outbreaks.

The latest one was the destruction of outlets and wares operating into 1000’s of Ghana cedis on the Odawna pedestrian purchasing centre close to the Kwame Nkrumah Interchange in Accra on Wednesday, November 18, 2020.

In an interview with Citi Enterprise Information, head of supervision on the Nationwide Insurance coverage Fee, Seth Eshun stated his outfit is in talks with native authorities throughout the nation to allow them to find out which business centres are match for operation.

“We’re in discussions with the native authorities and one of many functions that we wish to obtain with these discussions is to get to a stage the place earlier than they offer any license for any business enterprise, they are going to verify if that constructing or if that area has insurance coverage, and we imagine that if we do that, and we do it particularly for our markets will probably be an answer. So these are very early discussions and its one of many key issues that we search to do to assist shield markets”.

Mr. Eshun additional defined that each one markets will probably be mandated to have hearth insurance coverage protection the place areas that are deemed safer than others will probably be much less premium than different market locations.

“What would occur is that markets that aren’t very protected would have greater premiums and markets which might be protected would have decrease premiums and that will probably be an added benefit to make sure that the markets which might be there have the precise security measures”.

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