Abossey Okai Spare Parts Dealers Association have been tasked to reduce prices of goods
The Abossey Okai Spare Parts Dealers Association has directed its members to reduce the prices of spare parts to reflect the recent gains of the Ghanaian cedi.
In a press release dated Sunday, May 18, 2025, and sighted by GhanaWeb Business, the association stated that the price reduction is aimed at providing relief to customers and supporting the government’s broader efforts to stabilise the economy and reduce the cost of living.
This announcement comes on the back of the consistent appreciation of the cedi against the US dollar on both the interbank and forex markets.
According to the Chairman of the Association, Henry Okyere Jnr, the government’s decisive actions in strengthening the local currency and restoring macroeconomic stability are commendable, hence the association’s intention to respond accordingly.
The association emphasised that the move reflects its commitment to supporting national economic recovery efforts while ensuring that spare parts remain affordable for consumers.
Meanwhile, Okyere Jnr has appealed to all members to comply with the directive on price adjustments, reinforcing their commitment to fair pricing and market stability.
SP/MA
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