News
Businesses must brace themselves for the possible take-overs -– Rev. Okosun
Integrity Magazine, a subsidiary of Krif Ghana Limited, has held the maiden edition of a series of webinars aimed at promoting good corporate governance amidst the COVID-19 pandemic.
Themed “Effects of COVID-19 on Good Corporate Governance in Ghana”, which was held on Tuesday in Accra, it served as a platform for businesses to discuss the next strategic steps to take in order to sail through the coronavirus crisis with minimal losses.
Speaking on the effects of the pandemic on companies, Rev. Kennedy Okosun, Executive Chairman of Krif Ghana Limited and Publisher of the Integrity Magazine, said many organisations would “have to brace themselves for the possibility of take-overs”.
According to him, “there might be critical unanswered questions rummaging through the minds of many as we move into a period of a new normal.
“Our culture, corporate behaviour and organisational output are going to be affected, whether we like it or not. Organisations will never go back to doing business as usual, or doing business the way they knew how,” he said.
Rev. Okosun noted that businesses must be ready to embrace the positive or negative changes which may occur after the pandemic, adding that businesses would also have to make far “reaching decisions regarding liquidity and capital considerations”.
He argued that the COVID-19 era was also testing the leadership and management structures of organizations, hence the need for businesses to identify gaps and then strengthen the areas where they may be falling short.
Mr Michael Osikoya, the Chief Executive Officer of Mikensy Consulting Limited, examining the effects of COVID-19 on various stakeholders, also said, “Just as we are recording human fatality, we may not be able to account for the number of businesses that suffer similar ‘fatality’ from the hands of COVID -19.”
He noted that though the pharmaceutical industry was believed to have benefited from the crisis, industries including tourism and leisure, aviation and maritime, automotive, construction, real estate and manufacturing, were hard-hit by the pandemic.
“Government has been affected adversely by this virus because it has had to provide various stimulus packages and dole out free cash to support various stakeholders, interest groups, businesses and citizens.
“Hard decisions had to be taken, government has lost income from taxes and has resorted to borrowing as part of measures to bring the economy back on track,” he added.
For the solutions, Mr Osikoya suggested that business, leaders and stakeholders should enter into a “restart” mode to come out of the challenges the virus has imposed on them.
He said that all the various stakeholders in business such as the shareholders, employees, customers and others must forfeit certain benefits to bring back businesses on track.
The webinar brought together leaders from various organisations in the corporate environment in Ghana.
By Spectator Reporter
A 30-year-old man has been sentenced to 25 years imprisonment with hard labour by the Bekwai Circuit Court for his role in a 2022 robbery at a mining site at Manso Akwasiso in the Ashanti South Region.
The convict, Dominic Ofori, also known as Fanta, was arrested on 16th February 2026 after years on the run. He pleaded guilty before the Bekwai Circuit Court to robbery contrary to Section 149 of the Criminal Offences Act, 1960 Act 29, and was accordingly sentenced to 25 years imprisonment with hard labour.
On March 20, 2022, the Manso Adubia District Police received intelligence that a group of armed men from Manso Abodom were planning to attack a mining site at Manso Akwasiso to rob the owner of gold concentrate. Acting on the information, police mounted a coordinated operation and laid an ambush at the site.
At about 5:30 pm the same day, four-armed men arrived at the site, fired indiscriminately, and robbed the miners of their gold concentrate. The police team on surveillance intervened, resulting in an exchange of gunfire.
Three of the suspects, Abu Abubakar, Musah Latif, and Gideon Takyi, sustained gunshot wounds and were pronounced dead on arrival at St Martins Catholic Hospital at Agroyesum. Dominic Ofori escaped at the time but was later arrested and put before the court.
The Ashanti South Regional Police Command has assured the public of its continued commitment to combating violent crimes and bringing offenders to justice.
The Ashanti Regional Police Command has arrested 45-year-old Isaac Boafo, also known as “Duabo King,” for allegedly publishing false news intended to cause fear and panic.
Police said the arrest follows a viral TikTok video in which Boafo claimed that four officers at the Central Police Station in Kumasi engaged in inappropriate conduct with commercial sex workers during night patrols in Asafo.
Officers from the Police Intelligence Directorate (Ashanti Region) apprehended Boafo after receiving intelligence about the video.
During questioning, he admitted to creating the video to attract views and engagement online, and acknowledged that he could not prove the allegations.
Boafo also admitted making comments about the President of the Republic for content purposes and could not defend those statements.
He has been formally charged and is in detention as investigations continue.
The Ashanti Regional Police have warned the public against publishing or sharing false information on social media, noting that such acts can cause fear, panic, and damage reputations.
They said anyone found engaging in similar conduct will face legal action.
By: Jacob Aggrey
