The Abossey Okai Spare Parts Dealers Association has announced that prices of vehicle spare parts have begun to decline, with further reductions expected before the end of the year and into 2026.
The development follows recent engagements led by the Minister for Trade, Agribusiness and Industry, Mrs. Elizabeth Ofosu-Adjare, involving the leadership of the Ghana Union of Traders Association (GUTA), spare parts dealers, and transport operators.
The discussions focused on addressing persistent price irregularities and the significant price hikes recorded in major markets over the past months.
The Association’s Head of Communications, Mr. Takyi Addo, said a crucial meeting has been scheduled this week with importers and retailers to negotiate additional price cuts that could extend into next year.
“Some prices have already been reduced, but more needs to be done. The reductions we expect are not yet fully visible.
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From now until the end of the year, more prices will drop, and in 2026, we anticipate a 9.9 percent reduction in our surplus industry,” Mr. Addo said.
He noted that the Association has intensified education for retailers and strengthened engagement with importers to help stabilise prices across the market.
“We are now talking to importers because most of the people in the market are retailers; the importers are very few,” he added.
The Association says continuous collaboration between traders, importers and government will be key in sustaining affordability for motorists and reducing the cost burden on transport operators.
