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Business News of Friday, 7 February 2020

Source: Sherif Ghali, Contributor

Ghana Startup Act Advocacy Committee pays courtesy call to the Ministry of Business Development

Earlier this week, The Committee set up by the Ghana Chamber of Young Entrepreneurs to advocate for the Ghana Startup Act paid a courtesy call to the Ministry of Business Development, the Ministry charged with the responsibility to work on the Act.

The committee, supported by the Private Enterprise Federation is charged with the responsibility to rally support for the Act and also work with the Ministry to ensure that the content in the Act is relevant and timeless.

The Chief Director of the Ministry met the Committee on behalf of the Minister, speaking at the meeting the CEO of the Chamber, Mr. Sherif Ghali gave background information on the committee’s activities and its composition.

The Committee members are made up of different youth entrepreneurship organizations within the ecosystem. “The Chamber identified the need for the Ghana Startup Act and has been working on its since 2018.

Recently, we saw the need to bring on board other organizations within the ecosystem to help champion this cause.

Just like Tunisia and Senegal who now have their Startup Act, the Act was championed by various youth entrepreneurship organizations and that gave them the advantage to collectively push for the Act, he asserted

On his part, Chief Director Alhaji Hafiz Adam mentioned that the Ministry also has in its plans to push for the Entrepreneurs/SME’s Act which is in line with the Ghana Startup Act.

The chief Director expressed gratitude to the Committee for the work done so far and promised that the Ministry will support the committee to complete their part and present their document for onward stakeholder engagements.

The committee also thanked the Ministry for having as part of their agenda to push for the Act and indicated that the committee’s work will be simplified since the Ministry is willing to take up the enactment of the act.

“We (committee) have consulted legal brains, Tunisian and Senegal startup act and have come out with a proposed bill for the Ghana Startup Act which we intend engaging with the youth in the private sector to make sure it represents their inputs. We will present this to the Ministry after we are done with our consultation/engagement with the start-up community”, he concluded.

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