The Private Enterprise Foundation (now Federation) was established in 1994 as the apex institution to forge consensus and provide the leadership voice for advocacy, on the initiative of the Association of Ghana Industries, Ghana National Chamber of Commerce and Industry, Ghana Employers’ Association, and the Federation of Associations of Ghanaian Exporters; with the support of the United States Agency for International Development (USAID).
The Ghana Association of Bankers (GAB) was later admitted as the fifth founding member and the Ghana Chamber of Mines (GCM) was also added as a member later on. Four (4) new members namely, Ghana Chamber of Telecommunications (GCT), the Ghana Insurers’ Association (GIA), the Association of Oil Marketing Companies (AOMC’s) and the Liquefied Petroleum Gas Operators Association (GLiPGOA) have joined the Federation as full-fledged members since October 2012. The latest members to join is the Association of Small Scale Industries (ASSI), the biggest informal association and the Chamber of Bulk Oil Distributors (CBOD), were also admitted as members by the Governing Council in 2015 and 2016 respectively.
PEF as a non-profit, non-political, autonomous institution and a Company Limited by guarantees under the Ghana Companies Code, Act 179, has its membership open to all private businesses and trade associations from both the formal and informal sectors of the economy. Five new applications for membership including that of the biggest informal sector association are pending for consideration and approval by the Federation’s Governing Council.
The mission of PEF is to service the development needs of the private sector through advocacy for efficient allocation of the country’s resources, provision of requisite business development support services and capacity building for a sustainable private sector led national economic development.
Influence Government Policy direction prioritizing private sector driven economic and social development for an improved and consistent investment climate and enabling environment, for globally competitive and thriving private sector operations.
PRINCIPLES OF ENGAGEMENT:
- Locally Owned and Country Led Guiding Principles
- Multi-faceted advocacy, supported by empirical data from research of needs assessment and impact analysis of various policy options
- Consistent Public Private Dialogue with the highest levels of Government, for Policy Development and Advocacy
- Research-Based Data Collection, Analysis And Publication
- Innovative Strategies And Sustainable Processes Adaptable To Climate Change
- Market-Oriented State Of The Art Practices
- Catalyst For Multi-Stakeholder Investor Participation And Partnerships
- Requisite Capacities and Technical Skills Development.
- Standardized Code of Ethics Complimented by Corporate Social Responsibilities
- Legal Framework That Protects the Interest Of All, Consumer and Intellectual Property Rights Protection
- Effective Monitoring And Evaluation
Such services have strengthened the private sector by improving and sustaining the enabling environment, and hence, they have contributed to accelerating the country’s socio-economic development.