The Parliament of Ghana has successfully passed the Digital Economy Bill, aimed at fostering innovation and regulating digital transactions
The Digital Economy Bill was passed unanimously yesterday after extensive debate and stakeholder consultations.
The legislation establishes a framework for digital governance, cybersecurity, and the promotion of digital financial services. Key provisions include:
- Establishment of a National Digital Identity system
- Regulations for cryptocurrency transactions
- Incentives for tech startups
The Minister for Communications and Digitalisation lauded the bill as a landmark achievement for Ghana's technological advancement.
"This bill positions Ghana as a leader in the digital economy,"
Industry experts anticipate the law will attract significant investment and boost Ghana's position as a regional technology hub. The bill is expected to take effect in the next quarter following the President's assent.
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