David Ofosu-Dorte

Staff Retrenchment Is Not The Way To Go – David Ofosu-Dorte
13 Jan

Staff Retrenchment Is Not The Way To Go – David Ofosu-Dorte

wontumionlineBusiness,
Business Strategist, David Ofosu-Dorte, has advised business owners to hold off reducing staff even as businesses battle challenges due to the prevailing harsh economic conditions. According to him, while he agrees retrenchment is an easier solution to address the cash crunch, business owners must rather explore cutting administrative costs and increasing productivity instead. He noted that laying off staff will merely add to the social problems the country is facing and would not necessarily improve business. “I will look at the number, and I gave you percentages, if my percentage of remuneration or staff cost is above 35% of my…
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Business Expansion In 2023 Going To Be Very Difficult – David Ofosu-Dorte
13 Jan

Business Expansion In 2023 Going To Be Very Difficult – David Ofosu-Dorte

wontumionlineBusiness
Business Strategist, David Ofosu-Dorte, says businesses looking to expand this year will face very severe challenges. According to him, while many businesses had not envisaged such a harsh economic terrain coming into the New Year, the prevailing crisis means companies would have to adapt and probably shelve some of their plans in order to weather the storm. He noted in particular that the ongoing domestic debt exchange will deprive businesses of key financing support as a result of the liquidity problems it will create for banks in the coming months. Speaking on JoyNews’ PM Express Business Edition, he said, “Most…
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