Skip to main content

GHANA MAKES TAX STAMP COMPULSORY ON IMPORTED TEXTILES.


To curb illegal imports, Ghanaian authorities will put a tax stamp on textiles entering the country beginning June 1, 2018. And from September 1, after a 3-month grace period, traders will not be able to sell textiles that do not have tax stamp.

Minister of  Trade and Industry Alan Kyerematen announced after a meeting with representatives of local industry. The step would ensure that all imported textiles are regulated and it may also force foreign companies to shift their production base on Ghana, Kyerematen told mediapersons after a meeting with representatives from Textile Manufacturing Companies and Industry Commercial Workers Union of Ghana.

The shifting of manufacturing to where demand is, would also mean more revenue and employment for Ghana, the Minister added.

The minister, however made it clear that the government does not intend to put a complete ban on textiles imports. It only wants to manage or restrict imports so that domestic manufacturers are not pushed  out of the business.

The tax stamp, that would be endorsed on every piece of fabric entering the country would be issued by the Ministry of  Finance. The government constituted anti-piracy task force would have power to seize textiles that do not have tax stamps.
Labels:

Comments

Post a Comment

Popular posts from this blog

MP3 DOWNLOAD: HIGHLIFE MIXTAPE VOL 1 – HOSTED BY DJ STEVOO

The fast rating journalist/presenter cum Disc Jockey (DJ), Obiba Nana Adjei who is popular called in Dee Jaying as DJ Stevoo/Honourable has bounced back with local highlife tunes calling this one volume 1.  The mixtape is a variety of Daddy Lumba, Amakye Dede, Kojo Antwi, Daasebre Awuofe Dwamena, Kwasi Pee etc nice songs. It is very cool and enjoying. Just hit the download button, open up your volume control and begin to enjoy to the max.  ENJOY. [DOWNLOAD]
1 comment
Read more

LATEST FIFA RANKINGS (C.A.F. REGION AS AT 29TH JULY)

After the recent AFCON tournament, The Federation Internationale de Football Association (FIFA) has made all available ratings to rank the performances of the African countries during the 32nd AFCON tournament. These are the rankings so far; 1.SENEGAL   Senegal came second at the recent AFCON while loosing to their bitter rivals twice in the competition; at the group stages and during the grande finale; Algeria. 2.TUNISIA.    Reaching the semis was very tough for the although they managed to. After beating one of the favourates in the competition, much expectation were given them. 3.NIGERIA.    Upon all the promises made to them, Nigeria was not able to make it to the grande finale. Although representing the bronze medalist of the competition, much expectations was also given. 4. ALGERIA.    The two times African champions placed fourth on the ranking charts, as much expectations were not recognised but proved all thoughts wrong a...
Post a Comment
Read more

POOR DRAINAGE SYSTEM IN GHANA.

For some unidentifiable years now, Ghanaians always suffer when it rains. Information reaching us is that, the Ghana Meteorological Service has confirmed that, there will be excessive rainfall for the next five(5) months which strategically starts from this month. On Thursday, at about 11:40pm, it rained heavily,which some people who encounted the rain explained that, it was a "five hours non-stop rain". In some neighbourhoods such as Mamprobi, Korle-Gonno and its environs got messed up while raining. Houses were flooded, gutters were chocked. Due to this, some parents of school children, got panic to allow their wards leave for school. Some food vendors also got affected negetively because their foods went unpurchased due to the distance limit of customers People had to scoop the mini flood in their various houses before moving out. While some residents were late to work, others decided not to go at all, with the thought that it will start again.
Post a Comment
Read more