The Chief Executive Officer of the National Youth Authority (NYA), Pius Enam Hadzide, emphasized that individuals aged 15 to 35 engaged in sectors such as tourism, manufacturing, water, and sanitation are eligible for a 5-year tax holiday.

He highlighted that despite this beneficial provision, many individuals remain unaware of this opportunity, consequently missing out on the advantages of tax exemptions.

During an appearance on 3FM's Sunrise show on Tuesday, August 15, 2023, Pius Enam Hadzide stressed the importance of increasing public awareness regarding tax holidays and other established provisions designed to support young entrepreneurs in Ghana.

He indicated that it's time for his organization and relevant stakeholders to enhance educational efforts in this regard.

He said, “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."

“If you are a young person between the ages of 15 and 35 years in our country and you start a business in some areas like tourism, manufacturing, water and sanitation, according to the law, you are entitled to tax holidays for 5 years but many people don’t know and they don’t, therefore, apply themselves to some of these provisions,” the CEO of National Youth Authority stated.

Tax holidays, often known as tax exemptions or subsidies, are times when an individual or business is permitted to pay no taxes or significantly less taxes than usual.

Tax holidays reportedly give business owners the chance to recuperate their investments without having to pay taxes.