Ghana is taking steps to become a key hub for startups and technology firms in Africa through a proposed Innovation and Startups Bill. The draft law is expected to support the country’s growing entrepreneurial sector, offering a structured approach to nurturing innovation and encouraging investment.
The bill is part of a broader national strategy aimed at positioning Ghana as West Africa’s startup capital. If passed and effectively implemented, it could lead to increased funding, innovation, and job creation.
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Call for strong implementation and accountability
Speaking on the proposed legislation, innovation consultant Cofie emphasised the importance of turning policy into action. “Ghana must ensure the Startup Bill is not just a policy on paper but a fully functional system with clear timelines, enforcement mechanisms, and accountability structures,” she said.
Experts note that while the bill has the potential to transform the tech ecosystem, its success depends on transparent execution and active engagement from both government and private stakeholders.
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Focus on inclusive participation
Ghana is already making gains in gender inclusion within the startup space. The country ranks third in Africa for female-led ventures, based on data from the Mastercard Index of Women Entrepreneurs. The proposed bill is expected to support this trend by creating more opportunities for women in the technology sector.
The government has highlighted the importance of inclusive growth and the need to ensure that startups from diverse backgrounds have equal access to funding, mentorship, and market opportunities.
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Turning point for Ghana’s digital economy
Stakeholders say the bill arrives at a critical moment for Ghana’s digital economy. With global interest in African tech growing, Ghana’s proactive move could set it apart in a competitive regional landscape.
Industry watchers will be monitoring the legislative process and the eventual rollout of the bill to determine its impact on Ghana’s goal of becoming a preferred destination for startups in Africa.
