Pius Enam Hadzide, Chief Executive Officer of the National Youth Authority (NYA), has emphasized the availability of provisions to aid young entrepreneurs in Ghana.
He highlighted that under the laws of Ghana, individuals aged 15 to 35 who establish businesses in sectors such as tourism, manufacturing, and water and sanitation are entitled to five years of tax holidays.
However, Hadzide noted that awareness of this arrangement is lacking, leading to a missed opportunity for many potential beneficiaries.
In an effort to rectify this information gap, Hadzide underscored the importance of public education and awareness campaigns. He expressed his commitment, along with the NYA officials, to intensify efforts in sensitizing young individuals about the measures introduced to assist budding entrepreneurs.
Speaking on the Sunrise show on 3FM, Hadzide shared his observations, stating, “One of the things I have noticed is public education and we at the NYA must accept the challenge to go out more. There are many interventions in our systems that we need to let young people know about.”
He elaborated on the specific provision that grants tax holidays to young entrepreneurs within certain sectors, emphasizing that the law stipulates a five-year tax relief period. The focus sectors include tourism, manufacturing, water, and sanitation.
The drive to enhance awareness and education around these incentives aims to empower young individuals in Ghana to make informed decisions about venturing into entrepreneurship.
By disseminating this vital information, the NYA aspires to facilitate a thriving ecosystem of young business owners, fostering economic growth and innovation in targeted sectors.
Hadzide’s commitment to enhancing public awareness underscores the role of government institutions in equipping citizens with knowledge that can positively impact their economic prospects.
In the quest for sustainable development and youth empowerment, such initiatives play a pivotal role in nurturing a generation of entrepreneurs capable of contributing to Ghana’s economic progress.