Senior Partner of the auditing firm, KPMG, Anthony Sarpong, has advised financial institutions to minimise costs to avoid the negative impact of the current economic condition – domestic debt exchange programme - on their operations.

He is also urging them to stick to good corporate governance principles.

According to him, having good corporate governance structures will strengthen the operations of financial institutions to stay robust and safe.

Mr Sarpong was speaking to Joy Business after receiving the national honours on behalf of KPMG Ghana for its contribution to the fight against Covid 19 pandemic.

“Collapse of businesses can happen anywhere all the time but what is important is how to manage the impact on operations”.

“The first to watch out for in this difficult time is the cost of operations as a business and how to manage it well. Prudent management of resources will help you to stay resilient and always on the alert to avert any negative impact” he said.

In the fight against the Covid-19 pandemic, Anthony Sarpong outlined some of his outfit support which was in the construction of the first infectious disease centre and also the work of the Covid-19 Trust Fund.

“We saw the challenge the country was going through and the need to help as part of our Corporate Social Responsibility. So we dedicated some of our staff to go on the grounds with our own resources”.

“We are glad to receive this national honour and we shall be available to help the country in whichever way whenever the need arises”, he admitted.

Other members of the KPMG team who received the honours are Advisory Partner, Kwame Banieh and Gordon Dardey, Manager at the Tax Unit of KPMG Ghana.