In Ghana, the heartbeat of the economy lies in its private informal sector, where small businesses—often led by women—employ 94% of the workforce. Yet, these entrepreneurs face daunting barriers: double taxation, high transaction costs, limited access to formal banking, and exclusion from digital financial systems. For years, development efforts have overlooked this vital sector, leaving […]
Imagine a school without a library. Literacy is the key to unlocking opportunity, yet for many youngsters, access to books is still a faraway dream. This was the sad reality at Praso MA Basic School in the Ashanti region of Ghana. A quick awareness of the pupil’s inadequate reading ability by one teacher, John Imoro,
The introduction of the Electronic Transfer Levy Act 2022 (Act 1075) also known as E-Levy in the 2022 budget statement of Ghana on page 74 did not sync well with Ghanaians, especially businesses. The E-Levy targeted mobile money payments, bank transfers, merchant payments, and inward remittances. The E-Levy sought to impose 1.75% taxes on the transfer
A Daring Tussle With E-Levy Cause a Reduction from 1.75% to now 1.0% in Ghana Read More »
It has been a great and intense discourse on the introduction of the new tax on electronic transactions in Ghana. The 2022 budget statement of Ghana saw the introduction of E-Levy on page 74 which outlined the payment of a 1.75% levy on electronic transactions covering mobile money payments, bank transfers, merchant payments, and inward
A Daring Tussle with E-Levy: A Backward Outlook for Youths with Informal Businesses Read More »
Growth is a function of action. Without effort, which entails labour, neither physical nor intellectual progress can occur. The YAFO Institute strongly identifies with this Calvin Coolidge quotation because it emphasizes the organization’s primary purpose of empowering young to build thriving societies. YAFO has put in a lot of effort over the years, working nonstop
