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Tax stamps in Ghana to revive textile industry: minister

22
Oct '18
Courtesy: Pexels
Courtesy: Pexels
The introduction of tax stamps on textile products in Ghana will ensure discipline and revive the domestic textile industry, according to deputy minister for trade Robert Ahomka-Lindsey. The advanced security features would help regulators check the influx of unauthorised goods, fight piracy and help customers make informed product choices, he said.

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.

He said the ministry would in sensitisation and tour major business districts to help deepen understanding and compliance.

The stamps will be distributed free and will come in two different forms to make it easier to distinguish between locally-made and imported goods.

A three-month window would be given to traders to clear existing stocks before the rollout, he said.

An import management committee has been formed and mandated to manage the import of textiles, he added. (DS)

Fibre2Fashion News Desk – India


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