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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
News
Minister of Health appeals to Tamale Teaching Hospital striking doctors
The Minister of Health, Kwabena Mintah Akandoh has appealed to the striking doctors at the Tamale Teaching Hospital (TTH) to calll off the suspension and come to the negotiation table.
However, he refused to apologise as demanded by the striking doctors.
The doctors after a meeting yesterday have withdrawn emergency services following the dismissal of the Chief Executive Officer of the hospital.
This follows an unannounced visit to the hospital by the Minister on Tuesday.
The Minister made the appeal when addressing the media in Accra on Today, April 24 2025.
According to him, dialogue is the only way out to resolve the issue, adding that he was ready collaborate with them.
“I am prepared for us to come around the table and discuss whatever we need to discuss,” Mr Akandoh said.
“My humble appeal to my wonderful medical doctors and health professionals at Tamale Teaching Hospital is that I am the first person to take care of your interests. Therefore, let’s call off the strike and let’s all regroup and strategise going forward,” he concluded.
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Health Minister donates medical equipment to Tamale Teaching Hospital, pledges commitment to reforms
The Minister for Health Kwabena Miintah Akandoh has reiterated government’s commitment to address long-standing challenges in the health sector, describing the health system as one that requires urgent reform and collective responsibility.
He made these remarks during a donation of some essential medical equipment and supplies to the Tamale Teaching Hospital on behalf of the Ministry of Health.
The donation included a wide range of equipment such as ECG machines, ICU ventilators, cardiac monitors, anesthesia machines, infant incubators, and essential
Consumables amounting to about 35 items.
Among the items highlighted were
Emergency Health Equipment (EHE) sets, nebulizer sets, and medical-grade towels.
The Health Minister acknowledged the difficult working conditions health professionals continue to endure and emphasized that government efforts alone would not be enough to resolve systemic issues.
He called for unity across the health sector and urged all stakeholders, including medical doctors, nurses, and pharmacists, to work together to ensure that the country’s limited resources are used efficiently.
He noted that the wellbeing of the ordinary Ghanaian should be central to healthcare delivery, cautioning against practices that marginalize the underprivileged due to resource scarcity. According to him, every Ghanaian life is valuable, and the system must reflect that belief in both policy and practice.
Mr.Akandoh stressed that his leadership approach is rooted in humility, collaboration, and respect for all health workers. While acknowledging that change may come with challenges, he maintained that cooperation is key to achieving lasting improvements in the sector.
The Minister pleaded with health professionals in the Tamale Teaching Hospital to call off the strike and regroup to strategize on more effective ways to address their concerns through dialogue and collaboration with relevant authorities.
The donation to the Tamale Teaching Hospital forms part of a broader national initiative to modernize medical infrastructure and enhance service delivery in Ghana’s healthcare.
