• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Businesses are recovering- PEF CEO

M.Cby M.C
September 3, 2021
Reading Time: 3 mins read
M.Cby M.C
in General News
0
The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei Bonsu, has indicated that the ongoing Russia-Ukraine war is an opportunity for the country’s private sector.

Nana Osei Bonsu, President of the Private Enterprise Federation

The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei Bonsu has intimated that three months to the end of the post-covid year, some businesses are yet to recover fully.

Speaking on the state of private businesses, he indicated that they are still undergoing hard-hitting times since all their day-to-day activities that will generate profit have decreased coupled with worsening cost conditions.

“We are recovering. We are still struggling. A lot of businesses have not recovered fully yet. Some of their employees are still home, their patronage is still dwindling and they still have same cost structure.”

Nana Osei Bonsu

During an interview, Nana Osei Bonsu urged the government to come up with continuous strategies that will sustain the recovery process of private businesses.

RelatedPosts

EduWatch Boss Hails Free Tertiary Education for PWDs but Urges Greater Investment at Basic Level

Ashanti Region Showcases Economic Strength at Global Mayors Forum

Damongo to Host Two Major Projects:  a Teaching Hospital, Catholic Science and Technology University 

Meanwhile, the CEO revealed that private businesses have become more cautious of their decisions due to the risks that is associated with the COVID-19 pandemic.   

“Private sector reacts to conditions that they find themselves confident of. They invest on the certainty of the opportunity.”

Nana Osei Bonsu

Explaining why credit demand of the private sector has lessened although some banks are ready to provide one, Mr. Osei Bonsu indicated that businesses are currently indecisive about what to use the loans for.

“If you look at credit demand of businesses, it has gone down because they don’t know where to invest and they don’t know how to invest. So, when businesses are hesitant, they don’t invest.”

Nana Osei Bonsu

According to him, the private firms are uncertain about whether they will have an uninterrupted supply of raw inputs, constant patronage as well as the needed employees to undertake the necessary operations.

ADVERTISEMENT

With regard to government’s role in private businesses recovery process, Nana Osei Bonsu stated that even though the government is making efforts, they are inadequate for what businesses need in order to get back on their feet.

Furthermore, The CEO of Private Enterprise Federation disclosed that the inaccessibility of long-term financing as well as low interests on loans, are the major shortcomings of the private businesses.

“What we lack as private indigenous businesses is access to long term pool of funding and low-cost funding which will allow us to be able to do what we need to do to become competitive”

Nana Osei Bonsu

Nana Osei Bonsu also noted that the absence of infrastructure is another challenge that faces the private sector. For instance, he cited that grain farmers do not have warehouses to store their products, hence they are compelled to sell at a cheaper price in order to have some money than to lose their products completely.

In respect of the CEO’s statement, it’s about time for the private sector to shift its focus from the over reliance on bank credits as source of funding to equity financing. This, according to him, is the way out.

 Similarly, Mr. Bonsu explained that the Venture Capital Trust fund combined government endowment with private sector equity which created a pool of funding for businesses in the private sector to tap into without having to pay any cost. Rather, profit that will be accrued will be shared among the respective firms involved.

However, Nana Osei Bonsu averred that “because some businesses do not know much about equity, they always depend on bank credit without considering any competitive alternative.”

Read Also: Minority questions government’s decision to establish bank without recourse to parliament

Tags: COVID-19credit demandEquity FinancingGovernment of Ghanainvestmentprivate sector
Please login to join discussion
Previous Post

Global Commodity Food Prices Upsurge in August, FAO Reports

Next Post

Black stars face Ethiopia in a must-win 2022 World Cup qualification opener

Subscription Form

Related Posts

Executive Director of Africa Education Watch (Eduwatch), Kofi Asare
General News

EduWatch Boss Hails Free Tertiary Education for PWDs but Urges Greater Investment at Basic Level

October 24, 2025
Ashanti Region Showcases Economic Strength at Global Mayors Forum
General News

Ashanti Region Showcases Economic Strength at Global Mayors Forum

October 24, 2025
President John Dramani Mahama
General News

Damongo to Host Two Major Projects:  a Teaching Hospital, Catholic Science and Technology University 

October 24, 2025
Bawumia, NPP’s Weakest Candidate in Election 2028 – Presidential Spokesperson
General News

Bawumia, NPP’s Weakest Candidate in Election 2028 – Presidential Spokesperson

October 24, 2025
GPRTU Leads Protest Against Encroachment on CMB Lorry Station
General News

GPRTU Members Reject Interim Administration Directive

October 24, 2025
former First Lady Nana Konadu Agyeman-Rawlings
General News

Ghana Mourns Former First Lady Nana Konadu Agyeman-Rawlings

October 24, 2025
MIIF Strengthens Institutional Accountability with Internal Audit Training 
Extractives/Energy

MIIF Strengthens Institutional Accountability with Internal Audit Training 

by Prince AgyapongOctober 24, 2025
Gaza Humanitarian Foundation Called ‘A Distraction’
Europe

Wadephul’s China Trip Postponed Amid Tensions

by Comfort AmpomaaOctober 24, 2025
Executive Director of Africa Education Watch (Eduwatch), Kofi Asare
General News

EduWatch Boss Hails Free Tertiary Education for PWDs but Urges Greater Investment at Basic Level

by evansjrOctober 24, 2025
Ghana Ranked the 8th Largest Economy in Africa
Economy

Ghana Ranked the 8th Largest Economy in Africa

by Michael Teye-Bio NaduteyOctober 24, 2025
Ashanti Region Showcases Economic Strength at Global Mayors Forum
General News

Ashanti Region Showcases Economic Strength at Global Mayors Forum

by Silas Kafui AssemOctober 24, 2025
PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output
Agribusiness

PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output

by M.COctober 24, 2025
MIIF Strengthens Institutional Accountability with Internal Audit Training 
Gaza Humanitarian Foundation Called ‘A Distraction’
Executive Director of Africa Education Watch (Eduwatch), Kofi Asare
Ghana Ranked the 8th Largest Economy in Africa
Ashanti Region Showcases Economic Strength at Global Mayors Forum
PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output

Recent News

MIIF Strengthens Institutional Accountability with Internal Audit Training 

MIIF Strengthens Institutional Accountability with Internal Audit Training 

October 24, 2025
Gaza Humanitarian Foundation Called ‘A Distraction’

Wadephul’s China Trip Postponed Amid Tensions

October 24, 2025
Executive Director of Africa Education Watch (Eduwatch), Kofi Asare

EduWatch Boss Hails Free Tertiary Education for PWDs but Urges Greater Investment at Basic Level

October 24, 2025
Ghana Ranked the 8th Largest Economy in Africa

Ghana Ranked the 8th Largest Economy in Africa

October 24, 2025
Ashanti Region Showcases Economic Strength at Global Mayors Forum

Ashanti Region Showcases Economic Strength at Global Mayors Forum

October 24, 2025
PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output

PFAG Blames Illegal Mining for Falling Crop Yields and Cocoa Output

October 24, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address