YEA records GH¢110.4m surplus after turning around 2024 deficit

The Youth Employment Agency (YEA) reported a remarkable GH¢110.45 million surplus for the 2025 financial year, marking a dramatic reversal from the previous year's GH¢77.58 million deficit, as revealed in the 2025 State Ownership Report. This transformation, one of the most significant among state entities, saw revenue growth outpace expenditure increase by an impressive margin.

Revenue surged by 52.9 percent, reaching GH¢903.36 million, while expenditure rose by 18.6 percent to GH¢1.00. The Agency's financial health was bolstered by a rise in income from communication tax and internally generated funds, alongside a substantial increase in GetFund transfers, which accounted for a significant portion of the total revenue.

However, the report underscores that this financial success was accompanied by challenges such as high revenue concentration and a sharp rise in staff costs, which increased staff costs from 15.4 percent to 23.4 percent of total expenditure. Despite these challenges, YEA's current ratio improved markedly from 1.94:1 to 20.05:1, indicating a substantial improvement in short-term financial position.

The report highlights the Agency's ability to manage this improved financial position by building significant cash and receivables, effectively eliminating short-term liquidity risk by year-end. The debt-to-asset ratio also declined significantly from 0.26:1 to 0.04:1, demonstrating that the Agency's assets were primarily financed by equity, with only about 4 percent financed by debt.

The report attributes the net asset increase to the FY2025 surplus. Furthermore, YEA expanded its beneficiary recruitment to over 860,000 in 2025, ensuring a broad reach in its employment initiatives, though it did not report any quasi-fiscal activities or Climate Smart Investments for the year.