The Impact of Covid-19 on Businesses in Ghana.
As we all know, coronavirus outbreak is causing a global economic disruption. COVID-19 is pushing companies to rapidly operate in new ways, and systems resilience are being tested as never before.
The outbreak of this pandemic is causing a drastic change in business continuity as there are sudden changes in work force productivity , decision-making as well as security risks .
Governments around the world are implementing various measures to mitigate the adverse effect and provide relief for businesses and households.
For many organizations, there would be a disruptions of business cash flows ,restructuring employee work schedules and many more changes. It is possible that some job roles will be made redundant while some will need to work from home as part of safety measures to curb the spread of the virus.
Employers are putting in place alternative working arrangements such as practicing social distancing,rotational work shifts and in sever cases shutting down for the main time.
The team at iSpace has been focused on how best to be efficient and productive while working from home;staying safe and healthy. There are many ways of supporting staff during these trying times and iSpace have decided to pay her staff before pay day, allow flexibility of work schedules as well as adding a relief fund to help the team purchase essential needs during lockdown.
These are indeed times to be very cautious and we would advice all entrepreneurs to stay home ,stay safe and wash their hands regularly. We shall all overcome!