A Senior Manager of Tax and Regulatory at Deloitte Ghana, Gilbert Yirenkyi Addo, has shed light on a pivotal opportunity for young entrepreneurs under 35 to drive their businesses forward through the Young Entrepreneurship Tax Incentive.

Speaking during the inaugural session of the Joy Business Advisory Series, he detailed how individuals engaged in key sectors such as manufacturing, Information, Communication and Technology (ICT), agro-processing, tourism, horticulture, and medical plants can benefit from a five-year tax exemption.

This incentive is part of a broader government effort to stimulate entrepreneurship, particularly in underserved regions such as the northern parts of Ghana.

Mr Gilbert Yirenkyi Addo emphasised that businesses operating in these areas have an opportunity to capitalise on the tax exemptions, thereby fostering economic activity and creating employment.

“Eligible young entrepreneurs must be actively involved in business streams identified under the incentive program,” he explained.

These sectors include energy production, creative arts, and agro-processing, among others. To access the exemption, entrepreneurs must notify the revenue authority and provide appropriate documentation confirming their eligibility.

Beyond benefiting from these incentives, Mr Gilbert Yirenkyi Addo underscored the importance of maintaining compliance with tax regulations.