Connect with us

Hi, what are you looking for?

Business

High Import Duties Collapsing Our Businesses

Spare parts dealers at Suame Magazine in Ashanti Region are complaining of high import duties

Spare Parts Dealers Association at Suame Magazine in the Ashanti Region is complaining bitterly of how high import duties is collapsing their business.

Chairman of the association, Patrick Oppong in an interview with Abusua FM’s Nana Ama Annor stated, the spare parts business in the country is no longer lucrative as it used to be.

According to Oppong, high import duties and the sharp depreciation of the local currency is a major factor affecting spare parts business in the country.

The chairman observed, “the falling cedi and high duties is making the prices of spare parts go higher than we expected.”

“This has seriously affected our business and our customers in Burkina Faso, Ivory Coast, Mali and other neighboring countries have stopped doing business with us due to the high cost of purchasing these parts.”

Patrick Oppong is therefore appealing to President Akufo Addo to fulfill his promise of scrapping import duties on spare parts.

He said business in Suame magazine is gradually collapsing due to high import duties on spare parts.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.



You May Also Like

Top Stories

The Paramount Chief of the Effutu Traditional Area, Neenyi Ghartey VII, has assured the public that the impending 2017 Aboakyir Festival would be peaceful....

International

BBC.com hit record high in 2016. Site and apps viewed 15 billion times, with almost 100m unique browsers each month. Three senior appointments, expansion...

lifestyle

The Accra Report started Recipe Tuesdays to showcase the culinary delights of the African continent. There has been a significant time lapse between our...

lifestyle

One of our goals at The Accra Report is to expose to the world the eclectic beauty of Ghana and the African continent. In...

Copyright © 2020 GhanaStar.com