Communications Expert and C.E.O. of FN Network, organizers of FN Business Awards, Mr. Frederick Noamesi, has commended government over its decision to grant tax relief to young entrepreneurs of age 35 and below.
According to him, most young people in Ghana are very reluctant to start their own businesses because of the high taxes imposed on them but with the introduction of tax incentive to these young entrepreneurs, more entrepreneurs will spring up.
“In Ghana, young people are reluctant to start their own businesses because of high tax and levies but when this tax incentive to young entrepreneurs kicks off in 2018, more and more people will be willing to start something on their own.” – He said
He noted that great economies like America, Britain, and Germany to mention a few were built by entrepreneurs with the right policy support from the government.
“Great economies like that of America, Britain, Germany and France were built by entrepreneurs with the right government policies in place. What need to understand is that economies are built by entrepreneurs and not the government. The role of the government is to put in place the right policy for the entrepreneur to do business.” – he said
He is urging young entrepreneurs in the country to commend the government on the policy.
“I think every young entrepreneur in the country must commend government over the tax incentives to young entrepreneurs as captured in the 2018 budget by the Finance Minister.” – He urged
The Finance Minister, Ken Ofori-Atta on Wednesday, November 15, 2017 announced that young entrepreneurs of age 35 and below who start their own businesses based on the number of persons employed will be granted the reliefs, enabling them to create more jobs. He made the announcement during the budget presentation in Parliament.