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The impact of Accra's floods on businesses

Rana motors and other businesses have been submerged in water at the Kwame Nkrumah circle.

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The torrential rains on Wednesday, which culminated into Accra's most devastating floods in recent years, will in no doubt have severe consequences on businesses.

A number of new cars belonging to Toyota Ghana and Rana Motors at one of its showrooms completely submerged in flood water.

The Graphic Road area where the Toyota Ghana showroom is located, was one of the most affected areas in the Wednesday night through to Thursday dawn marauding floods.

Various office spaces and companies were also affected with property running into millions of cedis being lost to the floods.

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Businesses would be counting their loses in the subsequent days particularly as the Ghana Meteorological agency is predicting more heavy rains in the days ahead.

The heavy downpour in the capital rendered several places flooded and also led to power outages in several communities. Officially, it is unclear what sparked the blaze at the service station.

Some businesses affected are

1. Goil Fuel Station

2. Vienna City: This is one of the biggest entertainment centres situated at Kwame Nkrumah Circle, opposite GCB Tower and the Goil filling station. The place is noted as a centre for commercial sex workers who are the most to be affected because of the inferno.

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3. Rana Motors: submerged several brand new vehicles at the Graphic Road after an 11 hour deluge in the capital.

The stretch of road iz home,to several automobile companies including GHAMOT,distributors of Toyota vehicles,Rana Motors,Autoparts company and several others.

4. Barclays Bank: One of Ghana's leading financial institutions with a branch at the Kwame Nkrumah circle and opposite the Vienna city has also been affected by the fire. Due to the disaster, the bank closed to customers.

5. Ghana Commercial Bank Tower: Another major business loss was the inferno that razed down the Goil Fuel Station at Circle opposite the Ghana Commercial Bank tower.

Productivity is most likely to be affected as several workers were forced to stay in their offices or sleep elsewhere because they could not access the roads to their various homes.

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