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MP lauds BoG for Prompt Response on Crowd funding - The Chronicle Online

MP lauds BoG for Prompt Response on Crowd funding The Member of Parliament (MP) for the Ejisu Constituency in the Ashanti Region, Dr. John Ampontuah Kumah, has applauded the Bank of Ghana for instituting measures to formalize crowd funding in Ghana. According to the Member of Parliament, the policy direction by the Bank of Ghana on how individuals and organizations can establish and use crowd funding platforms is a step in the right direction and one of the best steps any nation can take to increase access to funding for entrepreneurs and businesses. “On Tuesday, February 2, 2021, I presented a paper on the floor of the house numerating how the state can tap into the potentials of the youth for national development. One of the points I highlighted was the need for measures to be taken to institutionalize crowd funding in Ghana. I am therefore impressed with the swiftness exhibited by the Bank of Ghana in outlining a roadmap that ensures that we can now rely on the power of the i