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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
In a world where fathers are increasingly consumed by work and the pursuit of financial security, Bishop Michael Quartey, the Regional Overseer of the Perez Chapel International, has urged fathers to prioritise spending quality time with their children.
This, he said makes them develop trust, love and sense of security in building confident responsible adults.
Bishop Michael Quartey made this known in an interview with The Spectator ahead of the Father’s Day celebration tomorrow.
He noted that while many fathers are providing the financial needs of their families, children also require emotional support, guidance and quality time from their fathers.
“A lot of children are engaged in a lot of negative things just because of the absence of their fathers and it is about time we sit up.”
Bishop Quartey explained that fatherhood goes beyond meeting financial obligations and involves being physically and emotionally present in the lives of their children.
“Fathers serve as role models whose actions and decisions often influence the values and attitudes of their children” he disclosed.
He also elaborated that regular communication, participation in school activities and involvement in children’s daily life could significantly strengthen family bonds and contribute to the overall well –being of the children.
He added that though the modern day fathers are doing so well, we need to continue to change the narrative by putting in extra effort in the upbringing of our children.
“Being a father is a great joy and it is very necessary for fathers to be celebrated because they go through a lot,” he indicated.
Mr Quartey used the opportunity to encourage all fathers to continue doing their best and pray for their children as well.
By Linda Abrefi Wadie
A new cultural, trade, and diplomatic platform celebrating Ghana-Norway ties was launched on Saturday, June 13, at Palms by Eagles Hotel, Accra.
Dubbed the ‘Akwaaba Nsuo & Velkommen Fjord Durbar 2026’, the event draws on the symbolism of Ghana’s rivers, -Nsuo, and Norway’s fjords to highlight water as a shared cultural, economic, and environmental identity.
The three-day event is scheduled for July 31 – August 2, 2026 in Oslo, Norway. Activities will include a trade exhibition, durbar of chiefs, and B2B networking sessions.
Speaking at the launch, CEO of the Durbar, Kofi Mulan, said Ghana’s rivers like the Volta, Pra, and Ankobra have long sustained livelihoods through fishing, transport, and spirituality.
“Similarly, Norway’s fjords represent the cornerstone of its maritime heritage, global leadership in ocean industries, and environmental stewardship,” Mr Mulan added.
“These parallel relationships with water form the philosophical and thematic spine of the entire event. The Akwaaba Nsuo & Velkommen Fjord Durbar 2026 is therefore framed as a convergence of heritage and innovation,” he said.
Organisers say participants will benefit from Global visibility and cultural diplomacy in Europe, stronger ties with Norway, and increased market access for exports like fashion, crafts, agribusiness, and processed goods under AfCFTA frameworks on the Ghana side.
On the Norway side, they noted access to Norwegian expertise in maritime technology, aquaculture, and renewable energy, plus opportunities in fisheries, offshore energy, and sustainability projects.
The Durbar is positioned as a high-level exchange platform to deepen trade and diplomatic relations between Ghana and Norway.
By Edem Mensah-Tsotorme
