Firms’ survival in coronavirus era hinges on good corporate governance-Second Deputy Governor, BoG

Good corporate governance will be the defining issue that differentiates firms that will be able to ride the storm as the novel coronavirus pandemic rages on, the Second Deputy Governor of the Bank of Ghana (BoG), Dr Elsie Addo  Awadzi has said.

According to her good governance would be the deciding factor for companies that survived the COVID-19 storm because they managed their risks effectively.

Dr Awadzi said this in her opening remarks through a webinar on a BoG/Bank of England regional training for staff of Central Banks in Africa and other regional partners such as WAMI and WAIFEM.

The three-day event under the auspices of the Bank of England is on the theme “Good Governance as a tool for microprudential supervision.”

The training is meant to help build the supervisory capacity of Central Banks in the region through peer learning and help the participants to find cutting-edge solutions to supervisory concerns that were common to Central Banks in Africa as the sector tried to promote effective regulation and supervision of Pan-African banks that operate in several Africa countries and beyond.

Source: Goldstreet Business