The Youth Employment Agency (YEA) has significantly improved its financial position, recording a GH¢110.45 million surplus in 2025 after posting a deficit of GH¢77.58 million the previous year.
The development, captured in the 2025 State Ownership Report, represents an overall financial improvement of about GH¢188.03 million.
The report attributed the turnaround largely to a strong growth in revenue, which increased by 52.9 per cent, compared with an 18.6 per cent rise in expenditure.
A major boost came from Communication Service Tax receipts, which climbed by 27.5 per cent from GH¢472.13 million in 2024 to GH¢602.01 million in 2025.
Receipts from the Ghana Education Trust Fund (GETFund) also recorded a substantial increase, rising by 159.7 per cent from GH¢115.50 million to GH¢300 million.
Despite the improved financial performance, the report cautioned that YEA remains vulnerable to revenue concentration risks.
It also highlighted a significant rise in staff-related expenditure, with compensation of employees increasing by 79.6 per cent from GH¢103.28 million in 2024 to GH¢185.48 million in 2025.
As a result, employee compensation accounted for 23.4 per cent of total expenditure in 2025, up from 15.4 per cent the previous year.
YEA’s improved revenue position nevertheless translated into a stronger surplus margin, which moved from negative 13.13 per cent in 2024 to positive 12.23 per cent in 2025.
In practical terms, the Agency spent about GH¢0.88 for every GH¢1 it generated in 2025, compared with GH¢1.13 for every GH¢1 earned in 2024.
The Agency’s short-term financial position also strengthened considerably during the year. Its current ratio increased from 1.94:1 in 2024 to 20.05:1 in 2025.
According to the report, the improvement was driven by the accumulation of cash and receivables following the Agency’s stronger financial performance.
YEA also recorded a reduction in its long-term debt exposure, with its debt-to-asset ratio falling sharply from 0.26:1 to 0.04:1.
Meanwhile, the Agency’s net assets more than doubled, increasing from GH¢88.18 million in 2024 to GH¢199.21 million in 2025.
Total assets also grew by 74.6 per cent to GH¢207.18 million, giving the Agency a stronger equity position and significantly lower reliance on debt.
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