Tag: Abossey Okai
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Move from Abossey Okai to Afienya won’t be forced on spare parts dealer– Leadership assures
Leadership of the Abossey Okai Spare Part Dealers Association is assuring its members that no trader will be forcefully evicted from their current location as part of ongoing efforts by the government to relocate spare parts dealers of Abossey Okai in Accra to Afienya, a community in the Greater Accra Region. The remarks follow a…
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Abossey Okai spare parts dealers anticipate reduction in prices
In the midst of the devastation caused by the impact of the novel Coronavirus on businesses, it appears there is a glimmer of hope for some spare part dealers following President Akufo-Addo’s announcement that government is working with the right agencies to ascertain the country’s readiness to reopen airports by September 1, 2020. Ghana’s main…
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![Spare parts business: Patrons lament high prices [Audio]](https://citibusinessnews.com/wp-content/uploads/2018/08/Abossey-Okai-2-1.jpg)
Spare parts business: Patrons lament high prices [Audio]
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…
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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…
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Monitor tax cuts on spare parts to benefit consumers – Minority
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…
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No tax cuts for Abossey Okai spare parts traders
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…
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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…