The Minister for Communication, Digital Technology, and Innovation, Sam Nartey George, has announced that the government has initiated processes to transition the Ghana Investment Fund for Electronic Communications (GIFEC) into a new entity to be known as the Digital Economy and Innovations Development Fund (DEIDEF).
He disclosed this at the official launch of the 30th Anniversary celebrations of the National Communications Authority (NCA), where he highlighted the steady growth of Ghana’s communications sector over the years.
According to the Minister, the progress recorded in the sector reflects sustained leadership and policy continuity across different political administrations.
The proposed transition, he explained, forms part of broader efforts to align Ghana’s digital infrastructure financing framework with emerging innovations and the country’s expanding digital economy agenda.
“Under Hon. Albert Kan Dapaah, the government established the Ghana Investment Fund for Telecommunications, then known as GIFTEL, recognizing that universal access required deliberate intervention.
“That initiative evolved into GIFEC which continues to expand connectivity and digital opportunities. Today, the ministry is undertaking legislative review to transition GIFEC into DEIDEF; the Digital Economy and Innovations Development Fund,” he said.
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