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Grantees
Grantees Funded under BUSAC Fund Phase I
Name of Applicant : Footwear Manufacturers Association Ashanti (FMA)
Title of Action : Uncompetitive business situation of locally-made and imported footwear
Sector : Business
Geographical Area : Ashanti
Action ID : # 0-10
Action Score : 82%
Total cost of Action : ¢34,141,338
BUSAC's % of Total cost : 90%
Self Financed : 10%
Action Duration : 12 months
Support from Outreach Facility : ¢3,793,482
Summary of the proposed Action : Need for Action:
Uncompetitive business situation of locally-made and imported footwear, where the prices of local footwear are higher.

Proposed Solution:

  • Reduction of taxes on imported footwear raw materials input by Government
  • Purchase and use of locally made footwear by Ghanaians
  • Implementation Plan:
    Over a one-year period

  • Committee members will hold meetings to decide on organization of activities under the Action
  • The Service Provider will help members to study the existing taxes on imported footwear raw materials. Based on this study we will make a proposal including recommendations to the Ministry of Trade and the Ministry of Private Sector Development to consider reviewing the taxes
  • We will arrange to hold negotiations with these ministries senior officials
  • We will organize radio talk shows with the aim of soliciting public view of made-in-Ghana footwear, the feedback will help in our negotiations.
  • We will also hold meetings with footwear manufacturers at the district level in order pool resources together for effective operations. The threat of HIV/Aids to our lives as business people will form part of the meetings.
  • Expected Impact:
  • competitive business activity of the local footwear industry and employment creation
  • increased patronage of locally made footwear, profitable operations and increased revenue to the state.
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