Criminal Penalties Block Business Transactions

This provision imposes 5-10 years imprisonment for transferring an ICT license without Authority approval - treating a regulatory matter as a serious crime. In functioning democracies, license transfers are handled administratively with modest fines, not criminal imprisonment. This creates a severe chilling effect on innovation ecosystems by criminalizing normal business transactions essential for startup growth: acquisitions, mergers, succession planning, and corporate restructuring. The provision provides no procedural safeguards (unlike 41 which requires notice and opportunity to remedy) and lacks defined approval criteria, creating uncertainty that will deter investment and entrepreneurship in Ghana's ICT sector.