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Ghana Plan to Introduce Tax Stamps to Revive Local Textile Industry

Ghana Plan to Introduce Tax Stamps to Revive Local Textile Industry

Photo from Peace FM Online


Mr. Robert Ahomka-Lindsey, Deputy Minister of the Ghana Ministry of Trade, suggested that Ghana plans to introduce tax stamps on textile products.

Apart from facilitating the work of regulators including revenue authorities in checking the influx of unauthorised goods, the advanced security features would fight piracy, and help customers to make informed choices on products.

Mr Ahomka-Lindsey was addressing a meeting with stakeholders at Denu in the Ketu South Municipality on the tax stamps, to be introduced on November 14, 2018.

He said the Ministry would provide adequate space for sensitisation, and tour major business districts, including Takoradi, Accra, Kumasi, and Tarkwa, to help deepen understanding and compliance.

The Minister said the stamps were going to be distributed free of charge, and would come in two different forms to make it easier to distinguish between locally-made and imported goods.

The Ministry would also work with local textile manufacturers - build their capacities, and at the same time encourage foreign manufacturers to establish production centres in the country.

The Deputy Minister said an import management committee had been formed and mandated to manage the importation of textiles, and underlined their determination to empower the reconstituted tax force to enforce laws in the sector.

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