Ghana Introducing Textile Stamp Policy to Combat Smuggling
Ghana will sign a textile stamp policy agreement with industry stakeholders to require “textile manufacturers, importers and traders” to attach approved stamps to textile prints before they are sold, according to an Oct. 10 report from the Hong Kong Trade…
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Development Council. The stamps must bear “key security features,” the report said. The measure is aimed at curbing textile smuggling into Ghana, whose textile industry is marred by “counterfeiting, piracy and smuggling,” the report said. The tax will also help reduce tax evasion at ports and prevent “fake and pirated product dumping on the local market,” the HKTDC said.