Abossey Okai

08 Mar

We Want Akufo-Addo To Announce Duty Reduction On Spare Parts In SONA – Dealers

wontumionlineBusinessAbossey Okai, SONA

Some spare parts dealers in Abossey Okai are requesting that the government reduce the duty on spare parts. The traders complained to Rainbow Radio 87.5Fm’s Nhyiraba Kwabena Asirifi that the cost of duty has resulted in an increase in the price of spare parts. They want the president to address this in his state of the nation address, which he is scheduled to deliver on March 8, 2023. The dealers stated that it was their desire to sell their parts at a reasonable price. However, the cost of duty on spare parts importation is high. “We want him to announce…

15 Dec

Over 50 Shops In Abossey Okai Closed Due To Default In Loan Repayment

wontumionlineNewsAbossey Okai, Abossey Okai Spare Parts Dealers Association, Spare parts dealers

Over 50 shops at the Abossey Okai Spare parts market have shut down their operations due to default in paying their loans. Some of the owners of the shops blamed the situation on the high cost of doing business in the country, as a result of high inflation and volatilities in the exchange rate regime earlier this year. They also cited high taxes at the port as contributing to the default in repaying their loans. “A lot of traders go for loans to import goods to the market. Due to the high cost of port duties and the unstable exchange…