Tag: PEF
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AfCFTA: More efforts needed to drive private sector participation – Ahomka-Lindsay
A former deputy Minister of Trade and Industry, Robert Ahomka-Lindsay says if more is not done to drive private sector participation in the African Continental Free Trade Area (AfCFTA), Ghanaian businesses will gain little from the continent-wide agreement. According to him, no matter how well-grounded the AfCFTA objectives are, they will remain elusive if businesses…
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Eliminate delays in public service delivery to curb corruption – GII and PEF
The fight against administrative corruption will be a mirage unless it is targeted at eliminating unnecessary delays in the provision of public services. This is part of recommendations made in a report put together by the Ghana Integrity Initiative and the Private Enterprises Federation on using service delivery charters to promote service integrity in Ghana.…
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MSMEs contribute only 4% to total domestic tax revenue – PEF Research
Findings by the Private Enterprise Federation (PEF) in collaboration with the Open Society Initiative for West Africa (OSIWA) Project have revealed that Micro, Small and Medium Enterprises (MSMEs) in the country contribute only 4 percent to total domestic tax revenue despite making up about 92 percent of registered companies in the country. According to them,…
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Make tax compliance less burdensome for MSMEs – PEF to Gov’t
The Private Enterprise Federation (PEF), has asked government to adopt a tiered tax system to reduce the tax burden on businesses, especially Micro, Small and medium sized enterprises in the country. According to PEF, this will help government generate adequate revenue, encourage voluntary tax compliance and reduce the cost of tax administration in the country.…
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Businesses react to BoG’s decision to maintain policy rate at 14.5%
In the wake of the COVID-19 pandemic and its impact, Ghanaian businesses had been looking forward to a further reduction in the policy rate by the Bank of Ghana. The policy rate, which is the rate at which the central bank lends to commercial banks, and is also used by banks to calculate their base…
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PEF CEO urges businesses to take advantage of new services charter
Chief Executive Officer of the Private Enterprise Federation, Nana Osei Bonsu, is urging businesses to capitalize on the new services charter rolled out to demand accountability from state institutions responsible for the issuance of relevant business documentation. The Charter has been created together with the Environmental Protection Agency, Land Use and Spatial Planning Authority and…
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PEF signs service charter with 3 state agencies to boost business operations
The Private Enterprise Federation, PEF, together with three state institutions, have developed a new services charter aimed at improving the ease of doing business. The institutions include the Factories Inspectorate, the Environmental Protection Agency and the Spatial Planning Department. Among others, PEF in a survey cited the delays in acquiring permits from such institutions as…
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Pay all customers of defunct S&L, Microfinance companies now – PEF demands
The Chief Executive Officer of the Private Enterprises Federation, PEF, Nana Osei Bonsu says businesses are still struggling to access their locked-up funds, almost a month after President Akufo-Addo directed that customers of defunct financial institutions be paid their monies. The development, the PEF CEO laments, is having a negative impact on the private sector…
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PEF urges payment of locked up funds after assurance from Prez Akufo Addo
Chief Executive Officer of the Private Enterprise Federation, Nana Osei Bonsu has charged President Akuffo Addo to follow up with the assurance of ensuring the central bank settles businesses who have their monies locked up in collapsed financial institutions. He says the government must, as a matter of priority, ensure locked up cash is within…
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Mixed reactions meet BoG’s cut in policy rate
There are mixed reactions to the Bank of Ghana’s new policy rate of 18%. The central bank on Monday, March 26, 2018 announced that it has reduced the policy rate by 200 basis points after concluding its Monetary Policy Committee (MPC) meetings for the quarter. The Governor of the Bank of Ghana, Dr. Ernest Addison…