Some spare parts dealers at Abossey Okai, one of Ghana’s major automotive parts hubs, are pushing back against calls to reduce prices, despite the recent appreciation of the Ghanaian cedi against the U.S. dollar.

The dealers say their reluctance stems from the fact that their current inventory was purchased when the exchange rate was much higher, making it economically impractical to offer price reductions immediately.

This position runs counter to a recent call by the Abossey Okai Spare Parts Dealers Association, which has encouraged members to reflect the cedi’s improved performance in their pricing to ease the burden on consumers.

In interviews with Citi TV, several traders expressed concern about incurring losses if they were to reduce prices before selling off their old stock.

“It’s not possible at the moment,” said Francis Appiagyei, a local dealer. “We bought our goods at a higher dollar rate. Once those goods are sold and we restock at the current, lower rate, prices will naturally drop.”

Another dealer, Yaw Ansong, shared a similar view, saying:

“I haven't ordered new stock yet, so I can’t afford to reduce prices now. If I do, I’ll lose money—and possibly my business.”

While some dealers insist that price cuts must wait until after restocking, others acknowledge the currency shift and are open to adjustments if the trend holds.

“We know the cedi is performing better against the dollar,” said Eric Osei Danso. “We’re ready to cooperate, but only if the exchange rate stays stable. Then we can confidently lower prices.”