Accra, Ghana

GSE Feed

Forex Rate

Tag Archives: Abossey Okai

Spare parts business: Patrons lament high prices [Audio]

Abossey Okai 2

The spare part business forms a major component of Ghana’s automobile industry. The dealers in the country are demanding that government puts in place measures to stabilize the cedi, to prevent the industry from collapse. According to them, the fast depreciation and instability of the cedi over the last five years has made it difficult for them to plan ahead ...

Read More »

GRA rejects spare parts dealers’ high tax claims


The Ghana Revenue Authority (GRA) has rejected claims the charging of benchmark value on spare parts is to blame for the gradual rise in the prices of the goods. The GRA explains that the tax has since 2015 been canceled with the implementation of the single window platform. The comment by the Authority follows threats by the Spare Parts Dealers ...

Read More »

Monitor tax cuts on spare parts to benefit consumers – Minority

abossey 3

The Minority in Parliament is casting doubt over the impact of the Customs Amendment Bill on consumers of imported spare parts. They argue that the absence of a proper mechanism to monitor the margin of reduction in prices would make little of the slashed taxes. The Deputy Minority Leader in Parliament, Mr. James Klutse Avedzi explained to Citi Business News ...

Read More »

No tax cuts for Abossey Okai spare parts traders

Joseph Paddy - Chairman, Abossey Okai Spare Parts dealers' Association

Traders of imported vehicle spare parts may not be enjoying the tax cuts on their wares anytime soon. At least this is the indication from the industry with the implementation of the scrapping of the 1 percent special import levy by the GRA. The businesses were tipped to benefit from the tax cuts to ease the cost of doing business ...

Read More »

Traders reduce prices over NPP’s election win


Barely two weeks after the general elections, some traders at various markets in Accra have reduced prices of their goods by at least 10%. The traders attribute this reduction to the numerous promises made to them by the President elect, Nana Akufo Addo. According to them, they are hopeful the President elect will fulfill his promises when he finally takes ...

Read More »
Left Menu Icon
Citi Business News
Right Menu Icon