General News of 2026-08-31
YEA turns GH¢77m deficit into GH¢110m surplus in 2025
The Youth Employment Agency (YEA) has staged a strong financial recovery, posting a GH¢110.45 million surplus in 2025 after recording a deficit of GH¢77.58 million the previous year.
The turnaround, detailed in the 2025 State Ownership Report, marks an overall improvement of about GH¢188.03 million and puts the Agency in a much healthier position to support its youth employment programmes.
According to a report by the agency, the recovery was driven largely by a sharp rise in revenue, which grew by 52.9 per cent, while expenditure increased at a slower pace of 18.6 per cent.
A key contributor was Communication Service Tax receipts, which rose by 27.5 per cent from GH¢472.13 million in 2024 to GH¢602.01 million in 2025. Funding from the Ghana Education Trust Fund (GETFund) also surged, climbing 159.7 per cent from GH¢115.50 million to GH¢300 million.
Despite the positive results, the report warned that YEA remains exposed to risks linked to its heavy dependence on a few major revenue sources.
It also flagged a steep rise in staff-related costs. Compensation of employees jumped by 79.6 per cent from GH¢103.28 million in 2024 to GH¢185.48 million in 2025, accounting for 23.4 per cent of total expenditure, up from 15.4 per cent the year before.
Even so, the Agency’s improved revenue translated into a healthier surplus margin, moving from a negative 13.13 per cent in 2024 to a positive 12.23 per cent in 2025. In practical terms, YEA spent about GH¢0.88 for every GH¢1 it generated last year, compared with GH¢1.13 for every GH¢1 earned in 2024.
Its short-term financial health also strengthened significantly. The current ratio improved from 1.94:1 in 2024 to 20.05:1 in 2025, reflecting higher cash and receivables built up from the stronger performance.
Long-term debt exposure dropped sharply, with the debt-to-asset ratio falling from 0.26:1 to 0.04:1. Net assets more than doubled, rising from GH¢88.18 million to GH¢199.21 million, while total assets grew by 74.6 per cent to GH¢207.18 million.
The stronger equity position and reduced reliance on debt leave the Agency on firmer ground as it continues its mandate of creating opportunities for Ghana’s young people.
NA/BAI
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