The Abossey Okai Spare Parts Dealers Association has dismissed claims that increasing spare parts prices are contributing to the planned 20 percent rise in transport fares set to take effect on June 2.
According to the Association, spare parts prices have remained stable in recent months, contrary to assertions by the Ghana Private Road Transport Union and other transport operators that higher operating costs justify the proposed fare increment.
Speaking to Citi Business News, the Association’s Head of Communications, Takyi Addo, insisted that there has been no increase in prices across the spare parts market.
“Spare parts prices have not been increased at all. There is 100% stability in the spare parts business. In fact, the stability of the cedi against the dollar has rather helped to keep prices stable,” he said.
Mr. Addo explained that the relative stability of the Ghana cedi and recent improvements in the foreign exchange market have eased pressure on importers and traders, making claims of widespread price hikes inaccurate.
“We disagree with the transport operators. They should not say they are increasing fares by 20 percent because spare parts prices have gone up. That is simply not true. Traders are happy with the current trend in the market,” he added.
The Association also praised the government’s management of the economy and exchange rate, noting that recent currency stability has positively impacted business operations within the spare parts sector.
While acknowledging ongoing concerns about taxes and other industry-related costs, Mr. Addo maintained that current market conditions do not support claims of major increases in spare parts prices.
He further urged transport operators to engage government directly on other operational concerns instead of attributing the planned fare adjustments to spare parts costs.
The comments come amid growing public concern over the planned 20 percent increase in transport fares announced by sections of commercial transport operators, who cite rising fuel prices, maintenance expenses, and other operational costs as justification for the adjustment.
