Abossey Okai Spare Parts Dealers Association

15 Dec

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

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…

15 Dec

Disregard GPRTU’s Claim Of Increase In Prices Of Spare Parts – Abossey Okai Spare Parts Dealers Association

wontumionlineNewsAbossey Okai Spare Parts Dealers Association, fuel prices, GPRTU, transport fares, Transport Ministry

The Abossey Okai Spare Parts Dealers Association has denied the Ghana Private Road Transport Union’s (GPRTU) claim of increases in the prices of spare parts. The GPRTU after a slight reduction in fuel prices refused to reduce transport fares arguing that prices of spare parts and lubricants have also been increased. Thus, if transport fares are reduced, transport operators may suffer a loss in income. However, the Abossey Okai Spare Parts Dealers Association in a statement on December 15 said prices of spare parts have not been increased. “GPRTU instead of reducing the transport fares as a result of the…