“Prices of spare parts have been reduced” – Abossey Okai Spare Parts Dealers

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Abossey Okai Spare Parts Dealers

Takyi Addo, the Communication Director of the Abossey Okai Spare Parts Dealers Association, has said that prices of spare parts have been reduced.

According to Takyi Addo, the Abossey Okai Spare Parts Dealers Association will soon name and shame Spare Parts Dealers who refuse to reduce prices.

The Communication Director is quoted by Starr FM to have said, Prices of spare parts have been reduced. We will name and shame all who fail to comply”.

He further added that second-hand dealers are the onces yet reduce prices as their goods are expensive to import

Also, Henry Okyere Jnr, the Chairman of the Abossey Okai Spare Parts Dealers Association, has assured that sustained and coordinated efforts will be made to ensure members continue to adjust prices downward in line with market conditions.

Henry Okyere Jnr stated, “We are moving from store to store to ensure that we educate our members for them to understand that the dollar is stable now and the duties are down.

“So they should also bring their prices down so everybody can see it in the market. So we should give it about maybe another 30 days, a month to see how things are working out,” he said.

Meanwhile, the Ghana Private Road Transport Union (GPRTU) has spoken following the mounting pressure on the association to reduce transport fares following the decline in fuel prices.

According to GPRTU, fuel costs have reduced in the recent pricing window, but vehicle maintenance, spare parts, tyres, lubricants and financing costs remain unchanged.

The GPRTU argued that persistent cost pressures outweigh the benefits gained from the recent drop in fuel prices.

Abass Imoro, the Public Relations Officer of GPRTU, highlighted that the union has a track record of responding to favourable cost conditions.

He added that fares will be reviewed once conditions permit it, adding that in May 2025 the GPRTU cut fuel price by 15 percent withut any pressure.

Speaking on Citi Business News, Abass Imoro stated, “The last year, 15% [transport fare reduction], nobody forced us. We saw the need for everybody. The government came up trying to make Ghana laugh once again, and we also joined that train, that yes, we have to make sure we also give up the best that we could.

“Now there has been another reduction [in fuel prices]. All we are saying is that if the need arises that we should decrease the lorry fare further; we will do that without hesitation. We are talking about spare parts which have never been reduced”.

He added, “You see, these are some of the things. As we talk now, I am just coming from services. I went and bought oil. Last year, the oil S5 W30, which I have been buying at GH¢600 for 5 litres, is the same GH¢600.

“We are surprised the dollar has been decreased, and some of these things that we thought it is because of the dollar, no, it is not because of the dollar. The prices are still the same as it was”.

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