Spare part dealers in Ghana and Suame rejoice over scrapping of import duties

Spare part dealers in Ghana and Suame rejoice over scrapping of import duties

- 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

- Get more news on business and finance news in Ghana here on YEN.com.gh

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

READ ALSO: Spare parts dealers donate GHc200,000 to Akufo-Addo

The bill will see a complete scrapping of the import duties on spare parts which the businessmen in those areas solely depend on.

Spare part dealers in Ghana and Suame rejoice over scrapping of import duties

Spare part dealers in Ghana and Suame rejoice over scrapping of import duties

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.

READ ALSO: Watch how spare parts dealers in Abossey Okai jubilated over abolished taxes on imported spare parts

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.

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Deputy Minority Leader, James Avedzi had earlier stated that passing the bill will not give any clear benefits to Ghana.

Spare part dealers in Ghana and Suame rejoice over scrapping of import duties

Spare part dealers in Ghana and Suame rejoice over scrapping of import duties

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.

READ ALSO: I made more money as a spare parts dealer than as an MP - NPP's Osei Kyei Mensah

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