Abossey Okai Spare Parts Dealers deny claims of price increases

The Head of Communications at the Abossey Okai Spare Parts Dealers Association, Takyi Addo, has dismissed claims by commercial transport operators that rising spare parts prices are contributing to a planned 20 per cent increase in transport fares effective June 2, 2026.

According to him, the spare parts market has remained stable in recent months, contrary to assertions by the Ghana Private Road Transport Union (GPRTU) and other transport groups that increased maintenance costs are driving the proposed fare adjustment.

Transport operators have announced plans to implement a 20 per cent fare hike from June 2, citing factors such as fuel price movements and rising vehicle maintenance expenses.

However, speaking on Channel One on Monday, June 1, 2026, Mr. Addo insisted that there has been no upward adjustment in spare parts prices.

“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.

He commended the government’s handling of the economy and the exchange rate, noting that the recent stability of the cedi has positively influenced business conditions within the spare parts sector.

Mr. Addo added that while traders continue to call for reduced taxes and other cost-relief measures, current market conditions do not support claims of rising spare parts prices.

“If you ask me as the Head of Communications for the Association, there is no increment in spare parts prices. We have stability in the market, and everything is okay now compared to previous periods,” he stated.

He further argued that recent gains in the local currency and relative stability in the foreign exchange market have eased pressure on importers and traders, making the justification for fare increases on the basis of spare parts costs inaccurate.

“We disagree with the transport operators. They should not say they are increasing fares by 20 per cent 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 has therefore urged transport operators to engage government on broader operational cost concerns instead of attributing the planned fare increases solely to spare parts prices.

Prince Antwi

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