By Enock Akonnor email@example.com
Officials of Ghana Revenue Authority (GRA) have schooled trainees of the No Business as Usual-Youth Empowerment Center (NBU-YEC) project on taxation.
They enlightened the young entrepreneurs and those hoping to start their business on the various types of tax, tax law and principle of young entrepreneur, requirements for tax registration, the tax payer’s portal, tax returns, tax reliefs among others.
In addition to the above, participants were also equipped with a basic understanding of finance and book keeping; critical skills entrepreneurs need for a smooth and successful running of their business and how to record their business transactions through the utilization of a mobile app called Oze.
Roberta Aryeetey- Project Coordinator underscored in an interview that the essence of the latter is to help trainees indentify trends and make informed decisions regarding budgeting and resource allocation.
“Again it will help them to analyze their financial performance and make data-driven decisions to optimize their ability to make profit.”
She said the foremost also aimed at informing them on why businesses in Ghana should pay taxes and help entrepreneurs know what kind of taxes to pay as start-ups.
The event was held on Thursday, 22nd June 2023 at Asokore Mampong Municipality.
It was dubbed “Career Day Event” and was held under the theme: “GETTING YOUR BUSINESS FINANCE RIGHT”.
GRA officials who were present as resource persons were Enoch Mensah ( Assistant Revenue Officer-Asokwa) and Yaw Tweneboah Koduah (Assistant Revenue Officer-Asokwa).
Isaac Afenu- Representative from Oze App was also a resource person for the event.
He gave a presentation on finance and book keeping and how one can utilize the Oze App.
ABOUT THE OZE App
Oze App helps users access on their smart phones services such as receipt and document management, invoicing and billing, expense tracking, profit and loss reports generation among others.
ABOUT THE NBU-YEC PROJECT
SOS Children’s Villages Ghana runs a Youth Empowerment Center at the Kumasi Programme Location called the No Business as Usual-Youth Empowerment Center (NBU-YEC) which is funded by SOS CV Netherlands.
The project aims to make positive impact on the lives of youth by helping them make informed life choices and have improved income through the acquisition of employable and entrepreneurial skills.
To this effect, the NBU-YEC purposes to train, coach, and mentor 400 vulnerable youth within the Greater Kumasi who need extra support in order to become productive in their families and societies as a whole.