Reports reaching Radiogold905.com indicates that fire has engulfed the tanker yard behind the Ashaiman Timber Market.
The fire which started Sunday afternoon according to eye witness is spreading to other facilities in the area.
Personnel from the Ghana National Fire Service who are currently fighting the fire say it will be premature to identify the cause of the fire.
Some residents who spoke to Radiogold905.com fear the fire might have been triggered by gas explosion from one of the tankers in the yard.
So far, no casualty has been recorded.