Laws needed to support growth of entrepreneurship
Counsel for the National Youth Authority Board, Mr Dennis Ofosuapea says the lack of laws backing entrepreneurship development and job creation is the cause of the failure of young entrepreneurs in the country.
Speaking at the launch of processes on Thursday towards the drafting of an Act to support entrepreneurship development and job creation in Ghana, the lawyer stated:
“This failure persists, although there are many scattered policies that are supposed to support entrepreneurs succeed”.
Christened the “Ghana Start-up Act”, the act when passed into law, will support young entrepreneurs to succeed in their business enterprises.
Mr Ofosuapea said a major challenge for young entrepreneurs was the change of policies by successive governments, adding that the sector would become attractive and grow when the policies are passed into law by Parliament.
“If these scattered policies become law passed by Parliament, they cannot be easily scrapped off just because another government took over,” he said.
Chairman of the “Start-Up Act” Committee, Mr Franklin Owusu-Karikari, said the Committee’s aim is to have the Act drafted and passed into law by Parliament by the middle of next year.
He urged the media to be pro-active members of the campaign as the efforts of journalists towards achieving the intended aim is most needed.
The campaign is being spearheaded by the National Entrepreneurship and Innovation Programme in collaboration with the Ghana Chamber of Young Entrepreneurs, the Ghana Start-up Network, the Ghana Hubs Network, i4Policy and the Private Enterprise Foundation, with funding support from GIZ Make IT.