By Kofi Ahovi The Venture Capital Trust Fund (NSL) is seeking to secure funding from the newly established National Stability Levy (NSL) in order to meet the growing demand from qualified companies. The search for a new source of funding became necessary when the National Reconstruction Levy, which provided 25% of its proceeds to VCTF amounting to GH¢22.4 million, was abolished 2006. The NSL is a special levy imposed on the profits of specified companies and institutions in order to raise revenue for fiscal stabilisation of the economy and to provide for related purposes. The new tax which comprise of an additional 5% profit tax is applicable to corporate organisations in the communications, mining, brewery and financial services sectors. Already, government is highly optimistic that the newly established levy which is to take off this quarter will yield an amount of GH¢11 million for the remainder of the year and GH¢22 million or more in 2010. The proposal for the introduction of the ...