Why Ghana needs an Innovation and Startup Act
By Brian Dzansi
3 HOURS AGO
National legislation - startup-act is the emerging innovation strategy most countries are adapting to create an enabling environment that supports innovative start-ups and drives local economic growth. The disruptions to the global value chains by the COVID-19 pandemic is a wakeup call to all countries of the urgency to support local innovations and entrepreneurs towards recovery of local economies.
Tunisia led the way as the first African country to pass a startup act that supports the development of tech-enabled ventures in April 2018 [1] . By December 2019, Senegal became the second African country to enact a startup act that spells out tax policies and financing incentives targeted at tech-enabled ventures [2] .