Abossey Okai Spare Parts Dealers refute claims linking price hikes to fare increment

The Abossey Okai Spare Parts Dealers Association in the Greater Accra Region has strongly refuted claims by the Alliance of Drivers – Ghana that rising spare parts prices are a contributing factor to the announced 20% increase in lorry fares, set to take effect on March 17, 2025.
In a press statement issued on March 16, 2025, and signed by Takyi Addo, the Director of Communications for Abossey Okai Spare Parts Dealers Association described the claim as false and misleading, urging the public to disregard it.
Chairman of the Abossey Okai Spare Parts Dealers Association and President of the Ghana Auto Parts Dealers Association, Mr. Henry Okyere Jnr, emphasized that there has been no increase in spare parts prices.
He stated that import duties and market conditions have remained stable, making it unjustifiable to attribute transport fare hikes to spare parts costs.
“The new government is committed to supporting the spare parts industry.
Stock levels are stable, and the prices of essential vehicle components, including engine oil and filters, have remained unchanged,” he noted.
The Association urged the Alliance of Drivers – Ghana to ensure that any fare adjustments are based on factual economic indicators rather than unfounded allegations.
It further called for transparency in fare discussions, urging all relevant stakeholders, including government regulators and transport unions, to be involved in decision-making to ensure fairness.
The Abossey Okai Spare Parts Dealers Association reassured the public of its commitment to transparency and truthfulness in issues affecting the transportation and spare parts industries.
Source: Classfmonline.com/Cecil Mensah
Trending Business
Regulatory costs threatens job creation, SME expansion in Ghana: ILAPI and FUNDALIB warn
13:13GIPC pledges support to Guinness Ghana amid rising illegal imports
04:36World Bank disburses $360m to support Ghana’s economic recovery and resilience
03:48President Mahama: Nkoko Nketenkete project to launch in Oct
19:01V/R: AGI marks 30 years with bold vision for 24-hour economy
13:48NEIP, MoFA partner to support agric entrepreneurs under 'Adwumawura' programme
16:41Ga East Assembly holds departmental budget hearing for 2026 fiscal year
10:15Chief of Staff reaffirms gov't’s commitment to 24-hour economy at BoG workshop
03:29GA/R:Green Africa Youth Organization donates compost to farmers
15:56GIPC urges strong stakeholder input in drafting GIPA Bill, 2025
13:47