The Abossey Okai Spare Parts Dealers Association has projected a 70 to 80 percent reduction in spare parts effective 2026.
Mr Takyi Addo, Head of Communications for the Association, confirmed this in an interview on Nyankonton Mu Nsem on Rainbow Radio 87.5 FM.
He attributed the projected reduction to the removal of the COVID-19 Health Recovery Levy, the reduction of the effective VAT rate from 21.9 per cent to 20 per cent, and the increase in the VAT registration threshold from GH¢200,000 to GH¢750,000 as outlined in the 2026 Budget.
He stated that prices of some categories of brand-new spare parts had already begun to decline due to the appreciation of the cedi against the dollar and other currencies.
Mr Takyi Addo noted that used spare parts would soon be reduced, while other categories of spare parts, including engines and other heavy ones, would see a 70 to 80 per cent reduction next year.
“We have already seen reductions in the prices of some spare parts. We expect that by March 2026, the prices will further reduce by 70 to 80 percent once the tax and VAT reforms take effect in 2026.”
In response to the question of what buyers should do if spare parts dealers refuse to abide by this directive, he said such individuals can file an official complaint with the Association for appropriate action to be taken.
By: Rainbowradioonline.com/Ghana
