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Business News of Tuesday, 31 March 2020

Source: goldstreetbusiness.com

PEF commends gov’t for Coronavirus plans, demands more of Finance Ministry


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The Private Enterprise Federation (PEF), has commended the government for the numerous interventions being put in place as part of the emergency response plan set up in anticipation of a possible escalation of the Novel Coronavirus (COVID-19) infection in Ghana.

PEF in a statement issued Thursday, March 26, said the measures were “forward-thinking interventions that will safeguard the lives of the people of Ghana.”

The Federation also commended the Bank of Ghana for effectively facilitating the release of funds for payment to depositors of collapsed microfinance, microcredit and savings and loans companies, and asks that the Ministry of Finance, as a matter of urgency, partner the Securities and Exchange Commission 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.

A portion of the statement reads,”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.”

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