PRESS RELEASE
FOR IMMEDIATE RELEASE
1ST DEC.2025
ABOSSEY OKAI SPARE PARTS DEALERS ASSOCIATION RESPONDS TO STATEMENT BY HON. AFENYO MARKINS
The attention of the Abossey Okai Spare Parts Dealers Association has been drawn to a statement made on the floor of Parliament on the 25th November 2025, by Hon. Afenyo Markins, suggesting that our members are “disappointed” in President John Dramani Mahama for not abolishing import taxes on spare parts in the 2026 Budget.
The Association wishes to state categorically that this assertion is inaccurate and misleading.
Indeed, it is true that import duties on spare parts have not yet been abolished. However, the Abossey Okai Spare Parts Dealers Association is not disappointed in President Mahama. On the contrary, recent economic measures by the government have provided significant relief to our members.
The appreciation of the Ghanaian Cedi, the removal of COVID-19 taxes, the abolishment of the decoupling of the NHIL and GETFund levies and the increase in the VAT threshold to Ghc750,000 create the conditions for a more uniform VAT regime in the spare parts market and will collectively ease the operational burden on spare parts traders.
These developments are warmly welcomed.
The Association remains engaged with government to explore further means to make spare parts available and affordable to the general transport sector.
We encourage the public and all stakeholders to disregard any statements that misrepresent the position of the Association.
SIGNED.
MR HENRY OKYERE
(THE CHAIRMAN)
THE ASS. EXECUTIVES
To: ALL MEDIA HOUSES
