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Business News of Wednesday, 22 April 2020

Source: GNA

IoD to engage academia to research on impact of coronavirus on businesses

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The Institute of Directors-Ghana (IoD-Gh) is to engage academia, faculty and students to conduct research on long-term effects of COVID-19 on businesses, enterprises and organizations.

This is to help design strategies and solutions for possible negative impacts of the pandemic and also forestall similar occurrences in future.

Mr Rockson Dogbegah, President of IoD-Ghana said this in a press release copied to the Ghana News Agency.

He said the Institute was also developing an on-line platform to enhance the capacity of members to use virtual media to carry out businesses to mitigate negative impacts and effects of the pandemic.

Mr Dogbegah said efforts were also in place towards the rolling out of "IOD-GH SME Business Sustainability Programme (BSP)" to cushion viable but weak enterprises in the wake of COVID-19.

He said such programmes would include targeted training for Small and Medium Enterprises to develop resilient business models to ensure livelihoods were not adversely affected by the disease.

Mr Dogbegah said strategic consultations would also be organised to help directors and corporate boards to deal with COVID-19 related disruptions.

He said apart from the business and management interventions, the Institute was also complementing efforts of government, including mobilizing donations to resource the COVID-19 Trust Fund and called for the support of all.