Spare parts dealers at Abossey Okai are set to meet government this week to finalize the scrapping of import levy on imported spare parts.
This is according to the Spare Parts Dealers Association of Ghana.
The Finance Minister, Ken Ofori-Atta during the 2017 Budget presentation announced that government has scrapped import levies on spare parts.
Despite government’s delay in implementing the policy at the ports, the spare parts operators are confident the policy will be implemented.
The spare parts dealers were thrown into a fix when it emerged that they may not enjoy any tax cuts soon due to the rules and regulations regarding the ECOWAS Common External Tariff.
But speaking to Citi Business News on the issue, the Public Relations Officer of the Abossey Okai Spare Parts Dealers Association, Clement Boateng said government will finalize the move to abolish taxes on spare parts this week.
“The only reason it is being delayed is because both parties are looking at how best the move will be of benefit to the two groups,” he said.
“The list that we sent to them, almost everything has been taken care of, its just about some few items which they rejected. So Tuesday or Wednesday we will resend to them the final list which will be considered. This is how far we have gone.” he added.
Checks by Citi Business News reveal that some dealers have already reduced prices of some of their wares even before the implementation of the tax cuts.
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By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana