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Grantees
Grantees Funded under BUSAC Fund Phase I
Name of Applicant : Cloth Sellers Association, Techiman
Title of Action : Strengthen Ghanaian Textile Industry in competition with imported second hand cloths and inferior materials.
Sector : Business
Geographical Area : Brong-Ahafo
Action ID : # 1-74 CSA-Tech
Action Score : 71.25%
Total cost of Action : ¢95,444,250
BUSAC's % of Total cost : 90%
Self Financed : 10%
Action Duration : 6 months
Support from Outreach Facility : ¢9,544,425
Summary of the proposed Action : (a). The need, or the constraint to alleviate
The excessive importation of cheaper materials of the same print as the locally - produced cloth is killing the sale of the cloth in the country.

(b). The proposed solution to the identified need or constraint your achievement
The protection of the local textile industry through tax relief and / or the recapitalization of the textile industry in order to compete with the imported material.

(c). The implementation plan to achieve the solution your Action

  • To organize advocacy workshops on the tax relief for the local textile industry
  • Dialogue among the stakeholders- Ministry of Finance and Economic Planning, Ministry for Private Sector, Textile Industry and Cloth Sellers.
  • (d). The expected impact(s) of the advocacy Action (i.e. the effects of the result(s) achieved by your Action).
    Tax relief granted lowers the market price to enhance greater patronage resulting in the production of more raw materials locally to feed the textile industry and consequent easing of unemployment and the reduction of poverty.
    More investors will flock to the country and eventually enough textile materials will be produced for local consumption and for export.
    In effect the tax network becomes wider and more revenue collected for the state.

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