The Ghana Startup Bill project aims to improve the startup environment through jointly developed rules. The Bill will lay out some guidelines and support the legislation needed to encourage Ghanaian entrepreneurship. The measure will foster an environment that is favorable to the development, attractiveness, and protection of startup investments.
Madam Freda Yawson a member of the Ghana Startup Bill Technical Committee gave some insights on the Ghana Startup Bill, at the Young Entrepreneurs Summit. She indicated the Startup bill which is currently being formulated, and how it would help solve some issues affecting startups and boost the startup ecosystem when passed by the government. The startup bill will focus on Tech-enabled businesses.
Chief Executive Officer of the National Entrepreneurship & Innovation Program (NEIP), Kofi Ofosu Nkansah also disclosed in an earlier engagement with Enterprise Bureau, as part of its startup dialogue on the Ghana Startup Act undergoing development to support Entrepreneurship.
The action is a part of the NEIP’s effort to create a national entrepreneurship strategy that will serve as the umbrella for all business assistance programs that target young people. “If you look at the Startup index in Africa, Kenya, Egypt, and South Africa are quite ahead of Ghana in terms of how much they receive in their ecosystem due to the kind of building blocks and foundations laid.
In Ghana too we’re not sleeping, as I speak the Startup act is being developed by the stakeholders, and once passed by parliament and receive presidential assent, we get to implement what is in the act”.