- After months of being before parliament, the bill to scrap import duty on spare parts has been passed
- The Customs Amendment Bill was welcome by spare part dealers across Ghana
The Abossey Okai and Suame magazine areas have been in a celebratory mood after the Ghana’s parliament decided to pass the Customs Amendment Bill
The bill will see a complete scrapping of the import duties on spare parts which the businessmen in those areas solely depend on.
Speaking with the Accra-based Kasapa FM, one of such spare parts dealers at Abossey Okai hailed the New Patriotic Party for passing the bill.
He noted that it would give dealers a boost in business.
The dealers have also stated that they would reduce the price of spare parts after the effects of the bill start applying to newer stock.
But the National Democratic Congress minority in parliament have always been critical of the bill.
Deputy Minority Leader, James Avedzi had earlier stated that passing the bill will not give any clear benefits to Ghana.
He stated that the NPP government has not thought through the implementation and put mechanisms in place to make sure that there is a price decrease in spare parts after the bill is passed.
However, the spare parts dealers contend there is a slowdown in business due to the tight liquidity in the system, and hence the removal of import duty taxes will in the long run boost their businesses.
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