In Gabon, a ministerial decree has been enacted that prohibits business leaders who owe debts to the National Social Security Fund from leaving the country, raising concerns about the impact on the business climate.
In Gabon, a recent ministerial decree signed by the Ministers of Social Affairs, Defense, and the Interior has instituted a ban on the exit from the country for any business leader indebted to the National Social Security Fund (Caisse nationale de sécurité sociale - CNSS). This measure is aimed at urging companies to settle their outstanding contributions and has triggered significant apprehension among business executives about a potential worsening of the business environment due to this additional pressure. The decree came to light through leaked information on social media before its official announcement, amplifying the concerns among the business community.
Olivier Rebienot Pellegrin, the Director General of the CNSS, acknowledged that this provision is not entirely new in Gabon, as it was previously in place but rarely enforced. The goal of this coercive measure is to enforce compliance among companies that have fallen behind in their payments to the social security fund. While some business leaders fear the long-term implications of such a regulatory approach on the economy, others see it as a necessary step to ensure financial responsibility within the private sector.
The introduction of this decree raises questions about its effectiveness and potential consequences for Gabon's economic landscape. As companies navigate their financial challenges, the fear of being trapped by such regulations may deter investment and hinder economic growth, presenting a complex situation for the Gabonese government as it seeks to balance fiscal responsibility with a favorable business climate.
