Overview of Abosey Okai Spare Parts
Abosey Okai Spare Parts is the biggest supplier of vehicle components in Ghana. Spare parts dealers in Abossey Okai have been expressing their frustration and concern over the ongoing compliance and invigilation exercise conducted by the Ghana Revenue Authority (GRA).
Challenges Faced by Abossey Okai Spare Parts Dealers
Abossey Okai spare parts dealers face several challenges, including:
High Port Charges
Spare parts dealers in Abossey Okai face high port charges, which have increased the cost of spare parts.
Government Neglect
The government has been accused of neglecting the spare parts industry, leading to a decline in the business.
High Import Duties
Import duties on spare parts are high, making it difficult for dealers to clear their goods.
Unstable Exchange Rates
The unstable exchange rates have also affected the cost of spare parts.
Lack of Manufacturing
Ghana does not have a manufacturing plant for spare parts, making it difficult for dealers to get the components they need.
Tax Exemptions
Local assembling plants in Ghana have been given tax exemptions, while spare parts dealers are still paying taxes.
COVID Levy
Spare parts dealers are still paying the COVID levy, despite the pandemic being over.
Import Substitution Levy
Spare parts dealers are also paying the import substitution levy, which has increased the cost of spare parts.
Impact of Challenges on Abossey Okai Spare Parts Dealers
The challenges faced by Abossey Okai spare parts dealers have had a significant impact on their business, including:
Increase in Prices
The high cost of spare parts has led to an increase in prices, making it difficult for motorists to afford.
Decline in Business
The spare parts business in Abosey Okai has declined, leading to a decrease in the number of traders.
Loss of Jobs
The decline in business has also led to a loss of jobs, affecting the livelihoods of many people.
Increase in Cost of Living
The increase in prices of spare parts has also led to an increase in the cost of living, affecting the general public.
Solutions to Challenges Faced by Abosey Okai Spare Parts Dealers
To address the challenges faced by Abossey Okai spare parts dealers, the following solutions have been proposed:
Reduction in Import Duties
The government should reduce import duties on spare parts to make them more affordable.
Introduction of a Fixed Rate
The government should introduce a fixed rate for spare parts importation to eliminate corruption and make the process more transparent.
Manufacturing Plant
The government should establish a manufacturing plant for spare parts to reduce the cost and make them more accessible.
Tax Exemptions
The government should give tax exemptions to spare parts dealers to reduce the cost of doing business.
Abolition of COVID Levy
The government should abolish the COVID levy, as the pandemic is over.
Abolition of Import Substitution Levy
The government should also abolish the import substitution levy, as it has increased the cost of spare parts.
#AboseyOkaiSpareParts #GhanaAutoParts #QualitySpareParts #AutoPartsGhana #GhanaMechanics #CarMaintenance #SparePartsMarket #GhanaAutoIndustry #AboseyOkaiMarket #GhanaCarRepairs
