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COVID-19: IoD prescribes remedies for businesses
The Institute of Directors (IoD) has advised businesses to develop immunity through strategic capacity development for the new normal till the COVID-19 pandemic eases.
This it said must be coupled with a cultural shift, mindset change, behavioural change and a robust change management process including effective communication with major stakeholders as an imperative if businesses must survive.
The IoD made these recommendations in a communiqué issued in Accra yesterday after a meeting with some companies’ board chairs.
The meeting chaired by Mr Tony Oteng-Gyasi sought to undertake a situational analysis of the present predicament within the context of Ghanaian businesses.
It recommended to businesses to focus on short-term survival strategies till September 2020, allowing another 18 months for the dust to settle whilst keeping tabs on global reactions.
“Employers should develop good relationships with their employees and give employees information on the actual status of the business to avoid unreasonable demands leading to minimising the risk of layoffs. Businesses should seek labour experts on account of the high potential for future redundancies and layoffs,” the communiqué said.
It said “There must be professionalism in dealing with the psychological effects on both internal and external stakeholders. Businesses should begin to consider a broader range of skills in candidates who desire to sit on boards.”
“Current board members must also be trained. Training content must be informed by sector specific business continuity plans, periodic reviews of which will also address both present and future gaps including underlying risks and unexpected disruptions.
Businesses must bear in mind that the various projections for the development of a vaccine for the corona virus are uncertain, drawing lessons from previous outbreaks like HIV/AIDS, Ebola, SARS, MERS, TB etc,” the communiqué said.
This the communiqué said called for adaptability regarding business plans, creation of operational environments with minimal contacts, plan for all types of risks bearing in mind the effects of depreciation of demand and the way forward.
“Businesses should uphold high standards in health and safety protocols starting from the board. This may include reducing to the barest minimum board member contacts on account of the inherent danger of exposure, reduction in routine and regular board physical meetings and considerations to new approaches to conversations to factor in procedural arrangements,” it said.
The communiqué also asked businesses should conduct COVID-19 impact assessments on their sectors and operations, document strategic mitigation and survival methodologies and ensure sustainable implementation.
“Board agenda should begin to change considerably from the traditional pathways with a keen focus on business robustness and sustainability with risk management as a very critical ingredient. IoD-Gh considers these positions as strategically relevant to the Ghanaian business survival and growth in this era of COVID-19 pandemic,” it said.
This engagement is the first in a series of planned interactions among Chairs of Boards.
The Institute of Directors-Ghana (IoD-Gh) is a professional institution, which was registered in 1999 to promote the culture of good corporate governance through training, consultancy, research, and advocacy.
Its mandate is to advance and institutionalise the culture of sound corporate governance and competent leadership in Ghana.
BY TIMES REPORTER
Mr. Alfred Nii Kotey Ashie, the Member of Parliament for the Odododiodioo Constituency in the Greater Accra Region, has assured the Accra Street Academy of his support in achieving its mission of uplifting vulnerable children within the community to break the cycle of poverty. “Without the needed support, your efforts may go round in circles due to the enormity of the task. This should not be left on the shoulders of the Academy alone. You need support from both government and the private sector. With that, the Academy would be in a good position to shape the future of these children on the streets,” he said.
The Accra Street Academy, originally formed in 1985 as a boxing arena, now serves as a school for deprived children, with most of its population numbering hundreds of pupils being neglected children from the streets of Jamestown and its environs. Mr. Alfred Nii Kotey Ashie made these remarks at the annual stakeholders’ meeting and fundraising event held over the weekend under the theme “Empowering Street Children: Health and Wellness.” The event is one of the Academy’s annual programmes, organized to raise funds and other forms of support to aid the school in catering to the needs of the children and holding its Christmas get-together.
According to the MP, it is worth noting that these children are taught and provided with two meals and a snack daily through the support of benevolent members of society. In view of this, he promised to facilitate the acquisition of documents needed for the construction of an Astroturf within the school’s premises. He noted that “every child has the right to play, and therefore I pledged to do my best to secure the needed documents” for the project to commence.
The legislator disclosed that over the years, the academic programmes of the Accra Street Academy have transformed children surviving on the streets into successful adults. He therefore urged other members of society to partner with the school to “help pupils rise higher for a better Ghana.” In the 2025/26 academic year, 22 pupils were absorbed by the Accra Metro Education Directorate as they transitioned into various Junior High Schools, while still returning to the Accra Street Academy for academic support.
Ms. Yvonne Abba-Opoku, a chartered governance advisor and senior executive in the nonprofit and charity sector, stated that the best gift to give a child was education.
By Spectator Reporter
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Mrs Regina Kudom, Senior Midwifery Officer at the New Atuabo Health Centre in the Tarkwa Nsuaem Municipality, has urged expectant mothers to attend antenatal clinic regularly for safe delivery.
She revealed that “in Tarkwa and its environs many pregnant women prefer staying at prayer camps, we are not against that, you can be there, but when your time is up for your antenatal session make sure you attend.”
Mrs Kudom gave the advice when the Gold Fields Ghana Foundation (GFGF) observed the World Prematurity Day with pregnant women at New Atuabo, Huniso and Awudua health centres.
World Prematurity Day falls on November 17, every year, and it is celebrated to raise awareness about the challenges faced by pre-term babies and their families.
She said research suggested that sex during pregnancy could soften the cervix and potentially aid in labour preparation.
“That is the reason why we encourage pregnant women to have sex with their partners, if they do not have any health implications,” she added.
Mrs Kudom appealed to the GFGF to upgrade the New Atuabo health centre as the current structure was too small because they received many patients daily.
Madam Ayishetu Mohammed, Project Coordinator for GFGF, explained that they received donations from Project C. U. R. E and the items were given to health facilities in their operational area.
She stated that they noticed there were baby dresses, sanitary pads, and baby apparel, so they decided to distribute them among expectant mothers in three of their host communities.
Madam Mohammed said because the foundation was interested in preventive care, they brought a midwife from the Tarkwa Mine hospital to educate the pregnant women.
She extolled the midwives in New Atuabo health centre for the education they gave to the pregnant women and implored them to heed to the advice given during antenatal visits to reduce maternal deaths in the Tarkwa Nsuaem and Prestea Huni-Valley Municipalities.
Mr Paa Kwasi Egan, Deputy Chief Physician Assistance, emphasised that a pregnant woman being anemic meant she was not eating a balance diet, and added that, “Some of these women do not have money to buy food or visit antenatal clinics.”
He said when men follow their wives for antenatal visits, they would be educated extensively on why they should provide funds for their pregnant wives.
Mr Egan, therefore, encouraged all men to be involved in their pregnant wives’ antenatal care appointments so they could learn more about pregnancy, childbirth, and parenting. – GNA
