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Businesses must brace themselves for the possible take-overs -– Rev. Okosun
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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
The New Patriotic Party (NPP) says it has successfully conducted constituency executive elections in 245 out of its 276 constituencies across the country.
The party’s General Secretary, Justin Kodua Frimpong, said the exercise recorded an 88.7 per cent success rate and was conducted peacefully in the constituencies where voting took place.
In an update posted on his Facebook page, he said elections in 23 constituencies were put on hold because of various disputes.
He added that four constituencies Ningo Prampram, Atwima Mponua, Obuasi West and Trobu could not hold their elections due to last minute challenges.
According to him, the party’s National Steering Committee will also review election activities in Afigya Sekyere East, Adansi Asokwa, Bantama and Asante Akyem Central.
Mr Frimpong said the National Secretariat is committed to resolving all outstanding issues to ensure the successful completion of the constituency executive elections.
He expressed appreciation to members of the party for their support and discipline throughout the exercise.
“We extend our sincere appreciation to all Patriots for their commitment, discipline, and support, which contributed to the successful conduct of these elections,” he stated.
By: Jacob Aggrey
The Northern Regional Police Command has arrested two Nigerian nationals in connection with the murder of a 36-year-old Nigerian man at Sanzirigu in Tamale.
The suspects, identified as Daniel Victor Eze and David Oko Ewa, were arrested on Saturday, July 11, shortly after the body of Nkemujika Uzorchuku Eze was found in his bedroom.
According to the Police, preliminary investigations showed that the deceased lived in a three-bedroom apartment with his wife, Peace Uzorchuku, the two suspects and another Nigerian national, Godwin Nwafor.
The Police said officers began investigations after receiving a report that the deceased had been found lying in a pool of blood in his room.
A team that visited the scene found that he had suffered a deep cut to the forehead and had a towel stuffed into his mouth. The room had also been ransacked.
The Police said a wooden pestle believed to have been used in the attack, together with other items, was recovered from the scene for forensic examination.
The body was taken to the Tamale Teaching Hospital, where a medical officer confirmed him dead before it was deposited at the hospital mortuary for preservation and an autopsy.
According to the Police, intelligence-led operations led to the arrest of the two suspects at Tatale on the same day while they were allegedly attempting to escape into the Republic of Togo.
They were later handed over to the Tamale District Criminal Investigations Department to assist with investigations.
The Police said the suspects allegedly admitted during interrogation that they had conspired to kill the deceased because he had been withholding money they claimed was obtained through internet fraud.
A search conducted after their arrest led to the recovery of several items suspected to have been stolen from the deceased’s room, including mobile phones, laptop computers, a tablet, jewellery, clothing, wristwatches, personal documents and other valuables. The Police said the items have been kept as exhibits to support the investigations.
The suspects remain in Police custody and are expected to appear before court on Monday, July 13, to facilitate the ongoing investigations.
The Northern Regional Police Command said it remains committed to bringing everyone involved in the crime to justice and urged the public to provide credible information to help fight crime.
By: Jacob Aggrey
