TaxWise Ghana: Empowering SMEs Through Tax Planning and Compliance

[GENERAL] Name and surname of main applicant

Charles Fiifi Hagan

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

10

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

TaxWise Ghanawill be an intuitive platform offering tax calculation tools, compliance calendars, educational content, and expert consultation services for SMEs to enhance tax literacy and compliance.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

While TaxWise Ghana will be accessible to users, certain proprietary elements such as consultation services and platform development will not be open source.

[METADATA] Horizons

Financial Services

[SOLUTION] Please describe your proposed solution

TaxWise Ghana will be a comprehensive digital platform designed for SMEs. It will include tax calculation tools, compliance calendars, educational content, expert consultation services, and a community forum to empower SMEs with tax knowledge and best practices.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

TaxWise Ghana will foster financial sustainability and tax compliance within the SME sector, contributing to economic growth and improved business practices. By increasing financial literacy, we expect enhanced participation of SMEs in the broader economy, which aligns with Cardano's vision of creating opportunities for decentralized financial systems. The adoption of digital tools and platforms like TaxWise Ghana can be further integrated with decentralized technologies supported by Cardano, creating an ecosystem where trust, transparency, and efficiency are central.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Chayil Darar Institute has a proven track record in tax advocacy and enterprise development, positioning it as a capable leader for the TaxWise Ghana project. Our previous initiatives focused on providing SMEs with tools to understand and navigate tax obligations, aligning well with the objectives of this new project. The institute has successfully collaborated with stakeholders, including policymakers and business communities, which ensures a strong foundation of trust and accountability in delivering such projects.

To ensure feasibility, we plan to launch an initial pilot phase targeting a select group of SMEs. This phase will allow us to gather valuable user feedback, assess the platform’s functionality, and make necessary adjustments to better meet the needs of SMEs. By employing an iterative approach, we aim to continuously refine the platform based on real-time insights and the evolving needs of users.

Additionally, Chayil Darar Institute will use data-driven analysis to measure key performance indicators such as user engagement, tax compliance rates, and financial literacy improvements. This will help validate that our approach is not only feasible but also impactful

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Platform Development (Months 1-3)

A: Milestone Outputs

Development of an intuitive digital platform including tax calculation tools and compliance calendars for SMEs in Ghana.

B: Acceptance Criteria

A fully functional prototype of the platform.

Interactive tax calculators designed for different SME categories.

A user-friendly compliance calendar is integrated into the platform.

C: Evidence of Milestone Completion

Demonstration of the platform’s core functionalities via a live presentation.

Reports from beta testers confirm the usability and effectiveness of tools.

User access logs from test users confirm interaction with the tax calculation and compliance tools.

 Educational Content Creation (Months 4-6)

A: Milestone Outputs

Creation of educational resources including articles, webinars, and video tutorials on tax planning, compliance, and strategies for SMEs.

B: Acceptance Criteria

At least 20 pieces of educational content published on the platform.

A fully developed webinar series hosted by tax professionals.

Creation of a video library addressing specific tax issues faced by SMEs.

C: Evidence of Milestone Completion

Analytics reports showing content views and downloads by users.

Feedback from users regarding the relevance and clarity of the educational materials.

Completion certificates from SMEs participating in the webinars.

Marketing and Outreach (Months 7-9)

A: Milestone Outputs

Execution of a marketing campaign to promote TaxWise Ghana to SMEs across various regions in Ghana.

B: Acceptance Criteria

Launch of marketing campaigns via social media, radio, and targeted online ads.

Partnered outreach with SME associations and networks in Ghana.

C: Evidence of Milestone Completion

Analytics data showing the reach and engagement levels of the marketing campaigns.

Sign-up rates from SMEs following the launch of the marketing campaign.

• Testimonials from partner organizations on outreach impact.

Platform Evaluation & Feedback (Month 10)

A: Milestone Outputs

Evaluation of platform performance and user satisfaction.

B: Acceptance Criteria

Collection of user feedback and surveys to assess the platform's functionality and effectiveness.

Identification of potential improvements and new features based on user suggestions.

C: Evidence of Milestone Completion

Reports summarizing user feedback and recommendations.

Actionable plans for platform iteration and improvements.

Metrics on SME engagement, tax compliance improvement, and financial sustainability reports from users.

[RESOURCES] Who is in the project team and what are their roles?

1. ezekiel For the Platform Development.

Ezekiel is a full-stack Innovative Software Developer and Tech Entrepreneur with a strong foundation in Python, JavaScript, HTML, CSS, React, and Vue. He focuses on Web 3 and blockchain development.

(9) Ezekiel Donkor | LinkedIn

2.Kobina Abaka-kwansa For Marketing

Creative Polymath having 6+ years of experience with expertise in all facets of business development, marketing management, digital marketing, entrepreneurship, and project management in various industries.

Proven track record in providing sound business advice to support business objectives and delivering excellent organizational performance in both high growth and turnaround situations with absolute integrity. Skilled in collaborating with all members of the organization to achieve business, marketing and digital objectives. Instrumental in streamlining and improving processes, enhancing productivity, and implementing marketing and technology solutions.

(9) Kobina Abaka-Kwansa | LinkedIn

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Platform Development: 10,000 ADA

Educational Content Creation: 5000 ADA

Marketing and Outreach: 3000 ADA

Expert Consultation Services: 5000 ADA

Operational Expenses: 2000 ADA

Total: 25,000ADA

[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

Platform Development (10,000 ADA): The cost reflects the need for robust development, including both web and mobile platforms. This covers a team of developers working on an intuitive, user-friendly platform tailored for SMEs in Ghana. The account is for enhanced security features, scaling potential, and integration of tax calculation tools.

Hosting and Cloud Services (AWS/GCP): We will use cloud hosting to ensure platform scalability, security, and performance, with AWS or Google Cloud Platform being potential options. These services will host the website and mobile applications, enabling seamless tax calculation tools and real-time consultation features.

License for Educational Tools: This will include licenses for content management systems (CMS) and learning management systems (LMS) to organize educational resources like video tutorials and interactive articles.

Code Auditing: We will ensure that the platform’s code is secure, efficient, and meets industry standards by engaging external code auditing services. This will also help identify potential vulnerabilities in the platform before it is launched, ensuring data privacy and security for users.

Educational Content Creation (5,000 ADA): This covers the production of high-quality content, including interactive articles, videos, and webinars to educate SMEs about tax planning and compliance. The increased allocation ensures that the content is engaging, accessible, and covers a wide range of tax-related topics.

Marketing and Outreach (3,000 ADA): To achieve broad adoption, a marketing budget ensures more effective outreach. This includes online advertising, partnerships with local business organizations, and community-driven campaigns, helping to reach SMEs throughout Ghana.

Social Media Marketing Tools: Paid marketing platforms (Facebook Ads, Google Ads) and tools to track the effectiveness of the outreach campaigns aimed at engaging SMEs.

Community Engagement: We will also include community-building tools and platforms, including email marketing services and webinar hosting platforms to build and maintain our user base.

Expert Consultation Services (5,000 ADA): This budget allows for more SMEs to access personalized tax advice from certified tax professionals. It supports the onboarding of experienced consultants who will provide practical solutions to tax-related challenges for SMEs.

Operational Expenses (2,000 ADA): The operational budget is increased to cover ongoing maintenance, customer support, and platform updates during the project. It also ensures the smooth running of the initiative, guaranteeing its sustainability beyond the initial launch phase.

Project Management Tools: Tools like Trello or Asana will be used for managing the project lifecycle, tracking milestones, and ensuring timely delivery of each phase.

Documentation and Reporting: Regular updates will be shared with the community through transparent reporting mechanisms, including project documentation, public progress reports, and updates on the Cardano ecosystem.

The project’s total cost of 25,000 ADA has been calculated based on industry-standard rates for professional services and development in Ghana. For example, cloud hosting, marketing, and legal services are tailored to the local context to ensure cost-efficiency.