Tag: spare parts
-
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…
-
Tax on imported aviation spare parts to be slashed
Operators of domestic airlines are to heave a sigh of relief with the amount of money they spend on aviation spare parts. It will follow the reduction in taxes on such products by the government. The Ministry of Aviation is currently engaging the Ministry of Finance for a rebate in the taxes paid by domestic…
-
Stable cedi, others to reduce cost of spare parts after tax cuts
It appears that spare parts traders may require more than tax cuts on imports if they are to reduce the prices of their wares for consumers. According to a tax analyst, William Owusu Demetia, the decision to reduce prices will also be influenced by a combination of factors including the cedi depreciation and a general…
-
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…
-
Spare parts dealers meet gov’t over tax cuts
Dealers of spare parts at Abossey Okai in Accra have told Citi Business News they are in talks with government to scrap the import levy on imported spare parts. The traders were thrown in a fix when it emerged that they may not enjoy any tax cuts due to the rules and regulations regarding the…
-
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…
-
Spare parts dealers to reduce prices over tax cuts (Video)
Consumers of spare parts should expect reduction in prices of goods within the coming months. The reduction has been necessitated by the abolishing of the levy on imported spare parts. Presenting the first budget by the NPP government in Parliament on Thursday, Finance Minister, Ken Ofori-Atta announced that importers will no more be paying…
-
Trade Minister must get rid of foreign retailers – Traders
Getting rid of foreign retailers and fulfilling promise to cut down VAT to 3 percent from the 17.5 percent, should be on top of the agenda of the Trade and Industry Minister designate, Alan Kyeremanteng. This is the position of spare parts traders at Abossey Okai in Accra. According to the spokesperson for the traders,…