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Coronavirus: Ghana is always reactive, we don't plan - Nana Osei-Bonsu

Coronavirus: Ghana is always reactive, we don't plan - Nana Osei-Bonsu

Chief Executive Officer of Private Enterprises Federation (PEF), Nana Osei-Bonsu says Ghana is always reactive and we do not plan for future situations.
According to him, due to this reactiveness that is why most companies are now producing hand sanitizers of which most used to be imported.

In a television interview, Mr Osei-Bonsu said the moment the issue of the Covid-19 is gone we will move back to our old ways without planning on how to solve the areas of vulnerability in the economy."Our problem is that we are a reactive country we do not plan. so we react, this coronavirus, ones it moves away we will go back to game one without planning on which areas to move into that are vulnerable, what can we do to meet this vulnerability, how do we position our businesses to compete."

"We don't have that kind of planning, it always an ad-hoc kind of measures that we put together to salvage the situation and say goodbye and go back to our own ways," he added.

Mr Osei-Bonsu explained that for us to be able to play a key part in the global economy and providing adequately for our people we will need proper planning.
"We need thorough planning to be able to withstand this kind of things even without the crisis."He proposed that African countries should make use of their economic strengths and trade among themselves. For example, Kenya producing the meat needs of some of the countries and Ghana also helping with pharmaceuticals in this regard and this will help the development of the African economy.

Mr Osei-Bonsu also said during a situation like this, countries that we import from will only export if they finish feeding their people and without that, we won't stand the chance of survival.He also laments the government's inability to engage the private sector in their works, according to him they get to know about most policies when they are being undertaken by the foreigner counterparts.But if the government includes the private sector in the policy framework formations it will help achieve more mileage.



The Private Enterprise Federation (PEF) representing its member business associations and chambers has noted with great concern the current outbreak of the Novel Coronavirus (COVID-19) which started in China and has now become a global pandemic. PEF has also noticed the numerous interventions being put in place by the Government of Ghana as part of the emergency response plan set up in anticipation of a possible escalation of the Novel Coronavirus (COVID-19) infection in Ghana. We wish to commend the government for such forward-thinking interventions that will safeguard the lives of the people of Ghana.

PEF and its 19-member Business Associations and Chambers declare our unflinching support to the government in the fight against the disease.
Indubitably, this outbreak has brought untold hardship to the people of Ghana especially private sector businesses who are compelled to keep up with staff payrolls, utility cost and other statutory payments despite the fact that major revenue generation activities of these businesses are on a standstill. This calls for innovative approaches by all stakeholders to alley the hardship experienced by these businesses and the citizenry at large.

It is therefore commendable that the Bank of Ghana has put in place measures to help reduce the impact of the outbreak on credit to the private sector. The reduction of the policy rate by 150 basis points from 16 to 14. 5 percent, reducing the primary reserve requirement from 10 to 8 percent, reducing capital conservation buffer from 3 to 1.5 percent, provisioning for loans in the “other loans especially mentioned” category from 10 to 5 percent among others are policy decisions in the right direction and are welcomed by the private sector.

It is also commendable how the Bank of Ghana has effectively facilitated the release of funds for payment to depositors of collapsed Microfinance, Microcredit and Savings and Loans companies. In that same vain and as a matter of urgency, we request the Ministry of Finance to partner the Securities and Exchange Commission (SEC) to ensure the release of funds to pay customers of collapsed Investment Companies/Asset Managers registered and regulated under SEC whose monies are still locked up with these Investment Companies. This move we believe will go a long way to improve the liquidity position of the private sector to boost the limited internally generated funds against current uncertainties.

Regardless of this undesired COVID-19, the Federation and its members are encouraged by the President’s actions and wish to state that the private sector as responsible partners in the socio-economic development of our country will continue to work hand in hand with Government to address the situation.

Finally, we wish to assure the Ghanaian public that the private sector will continue to provide its essential services where ever possible to ease the burden in these critical times and also request the general public to respect and obey safety procedures being implemented at the various business outlets and other places in line with the safety guidelines issued by the Government to control the spread of the disease.
Stay safe and God bless our homeland Ghana

Nana Osei-Bonsu
Chief Executive Officer

Kasa Initiative Ghana has signed an MoU with Private Enterprise Federation

Kasa Initiative Ghana has signed an MoU with Private Enterprise Federation

Kasa Initiative Ghana has signed an MoU with Private Enterprise Federation to leverage on each others strength and take advantage of emerging under climate change to develop initiatives that respond to the need of its members. They will advocate for sustainability in environmental sector to support business and communities. Beneficiaries of this partnership would include CSOs under the Kasa framework , members of PEF and rural communities. The MoU was signed by Mr. Charles Agboklu the chairman of Kasa and the Chief Executive Director of PEF ,Nana Osei Bonsu.

Capacity needs assessment, Terms of Reference for the Engagement of consultant

Project: Business Integrity Initiative (BII) - Using Service Delivery Charters to Promote Business Integrity in Ghana
Activity: Capacity Needs Assessment

Terms of Reference for the Engagement of Consultant

1.0 Introduction/Background
Ghana Integrity Initiative (GII) and the Private Enterprises Federation (PEF) with funding support from the Department for International Development (DfID) is implementing a project titled: Using Service Delivery Charters to Promote Business Integrity in Ghana. The project is being implemented over a period of twelve (12) months (i.e. November 2019 – October 2020). The objective of the intervention is for more businesses to engage with public institutions on integrity issues.

2.0 Purpose/Objective
As part of the project implementation, GII and PEF are seeking the services of an experienced consultant to conduct a Capacity Needs Assessment for identified public institutions in Ghana. The intervention seeks to increase dialogue between the state/public entities responsible for providing services to the private sector on one hand and businesses in Ghana on the other hand on Service Delivery Charters. The results of the assessment will guide GII and PEF on advocacy themes to help address the identified challenges to ensure the enhancement of service by these institutions to the meet the expectations of the private sector.
The specific objectives of the assessment are:
- To identify existing gaps in Service Delivery Charters
- To elaborate on how these gaps affect transparent and accountable service delivery in Ghana
- To identify examples of international best practices of Service Delivery Charters for identified institutions and work with the respective institutions to develop same
- To draw up recommendations for institutional reform
- To conduct tailor-made trainings to respond to the specific needs of targeted staff of the identified institutions



For more than three decades, Ghana has enjoyed consistent economic growth. However, this growth was unfortunately occasioned severally by relatively high interest rates that escalated the cost of doing business accompanied by sluggish or limited adaption of innovation and technology by our MSMEs.  Several subsectors of the economy, particularly banking and finance, telecommunication, oil and gas, agriculture and construction which could have exhibited higher levels of efficiency to create jobs and wealth were unable to achieve that basically due to the absence or limited availability of technical skills and competencies to navigate through the mirage of challenges in today’s business conditions.

Notable among these challenges are the inability for businesses to employ the services of astute technically competent staff generally, and the failure to do thorough research required not only to improve their understanding of various policies, statutes and regulations but to also comply with them. These conditions are exacerbated by high rate of inflation, persistent depreciation of the local currency, unreliable energy supply, among plethora of challenges that plague our MSMEs accompanied by limited financial options to generate suitable financial resources to execute operations with a lower cost of money.

The Private Enterprise Federation since its establishment in 1994 as the apex business council and the lead voice of advocacy for the private sector in Ghana, has consistently seek avenues to improve not only the business enabling environment through dialogue with the Executive arm of government for policy consideration but has also engaged with the Parliamentary leadership to influence statutes and regulations that are considered in the august house. The Federation has been involved in projects geared towards several reforms in the policy space as well as reforms in the administrative agencies responsible for regulatory compliance relatively in the processes and procedures for businesses to obtain requisite permits, licences and certificates, in tax administration and payments and in the Judicial Services as well.

Going forward, the Federation is seeking to deepen its support to the development, growth and competitiveness of our local infant industries especially the Micro, Small and Medium Enterprises,(MSME sectors). This support will include enhanced advocacy activities and more in-depth research to provide empirical data to support private sector advocacy positions and business operations in addition to link the availability and services of retired technically skilled professionals to assist the development and growth of our MSMEs.   

We recognise that there are pools of retired Ghanaians and expatriates domiciled in Ghana with rich technical skills, experience and practical knowhow who can help support the Federation’s activities to harness the growth of our local businesses across various sectors and disciplines, to become competitive, profitable to create jobs and wealth. 

In pursuit of this objective, the Private Enterprise Federation is soliciting the services of pensioners and retirees with succinct technical skills and competencies in various disciplines and sectors, who have idle time on their hands and will want to lend a helping hand to assist our MSMEs with variety of business development and technical services to grow their businesses.

Below is the framework for engaging the retirees: 

Interested experts in the various disciplines, professions and industries can register and identify the area(s) of interest at the Federation’s website by filling a questionnaire and advise areas of expertise and competencies with evidence to authenticate the claim, willingness to participate, times and location the person is available plus other  information pertinent to shed light on the person’s capability.

Criteria for Engagement

  • Must be a retired Ghanaian or Expat domiciled in Ghana not in a full time work related active service.
  • Must have requisite qualification, experience and knowledge in any of the area of interest listed above.

Costs, Payments & Remuneration:


The Program is virtually a PRO-BONO support to our MSMEs who need to be assisted to grow their businesses with technical support from this Expert program.

However, the cost of the Expert to and from home to the workplace of the beneficiary businesses will be covered by the respective beneficiary MSME after discussions and agreement between the parties.

The Federation will be a coordinator and facilitator of this arrangement BUT NOT RESPONSIBLE WHATSOEVER FOR PAYMENT TO ANY PARTY UNDER THIS PROGRAM.

 Interested Retired Executive Candidates should kindly click here and fill out the following Questionnaire

PRIVATE SECTOR BUSINESSES who wish to PARTICIPATE should click here and fill out the application forms

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