zion

Government To Introduce Tax Stamps On Textiles Trade Minister

The Minister for Trade and Industry, Mr. Alan Kyerematen, has indicated that government will soon introduce tax stamps on both locally manufactured and imported textiles.
This will give buyers the confidence and assurance that they are buying genuine textile fabrics and that local designs have not been pirated.


Mr Kyerematen asaidd this in Parliament in his response to a question by the MP for Tamale Central, Alhaji Inusah Abdulai Bistav Fuseini on the plans by the Ministry to control the piracy of indigenous designs and logo of wax prints from the textile manufacturing industries, which is collapsing these industries.


He explained that the total local demand for wax prints is estimated at 120 m yards per annum whiles the total production from the existing three local manufacturers is less than 40 m yards, leaving a balance of 80m yards imported every year.


The total revenue from duties on imported textiles recorded for 2016 was only GHs1.7m against a projected revenue of over GHs 56m.


However, the Minister noted that that local manufacturing companies are not against the importation of textile prints as long as the appropriate duties are paid and there is no piracy of designs and logos.


Furthermore, the Ministry through the Swiss Ghana Intellectual Property Project is also training Police and Customs Officers in the enforcement of Intellectual Property Rights, which will contribute to finding appropriate solutions to some of the challenges confronting the textile sector and enhance the competitiveness of the textiles sector.


Source: ISD (Eva Frempon-Ntiamoah)