Audio By Carbonatix
SPINnet, an association of indigenous manufacturers of textiles and garments, have called for reduction in tariffs and controlled limitations to accessing tax incentives in order to produce and sell at affordable prices, Made-in-Ghana garments.
Nana Ekua Busia, president of the association, observed that although there had been passionate appeals to government through the Revenue Agencies Governing Board to come to their aid by reviewing the present system, little had been done to realise the zero rated tax regime.
"The challenge facing us, however, is that so far none of our members herein seated has ever been able to take advantage of this zero rated tax regime by importing directly," Ms Busia said at a press conference in Accra.
She said consequently members had no other alternative but to buy their raw materials on the open market from suppliers who did not have such zero rates advantage thereby making production cost high.
Ms Busia said they continued to suffer indirect high tariffs due to the situation adding "in spite of government's good intentions, the challenge facing us is how to realise the zero rate."
She said the association had called on authorities to look into how best the cost of the essential raw materials bought on the market could be tax-adjusted as was the original intention where customs duty paid would be refunded to members.
Ms Busia said the association together with the Business Sector Advocacy Challenge had started an advocacy project, which sought the best possible means of reducing the cost of inputs of the essential raw materials.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Strong Day 1 turnout sets tone for Day 2 of Republic Bank-JoyNews Habitat Fair Clinic
12 minutes -
Ghana Army warns new soldiers against social media misuse, uniform abuse
18 minutes -
AMA calls for science-led action to tackle environmental health risks in Accra
31 minutes -
He entered at eight. He is now 16: Ghana’s children growing up in prayer camps
4 hours -
‘Development must not always begin from Accra’ — Anwelle Foundation launched in Jirapa
4 hours -
PKO trio eye victories at Odwira Festival
7 hours -
346 Ghana Navy recruits pass out after 26 weeks of intensive training
7 hours -
Newsfile to discuss EOCO-MP arrest, drug trafficking, speech arrests and $235m water debt
8 hours -
JoyNews gets results as listeners raise GH¢40,000 to help 17-year-old student with cerebral palsy attend SHS
8 hours -
Vice President calls for stronger local pharmaceutical production to reduce medicine imports
8 hours -
The brewing tension at KNUST; Beware the Ides of October….
9 hours -
Health Ministry moves to integrate traditional medicine into mainstream healthcare
9 hours -
550 pupils in Kintampo South get educational lifeline as ‘Seeds of Hope’ reaches farming communities
9 hours -
Opoku Mensah urges Christian Council, House of Chiefs to speak up on democratic freedoms
10 hours -
Teacher unions’ strike: Minority demands immediate payment of teacher arrears, 20% deprived area allowance
10 hours