The Abossey Okai Spare Parts Dealers Association has denied allegations that the increase in spare parts prices is one of the reasons behind the planned 20 per cent rise in transport fares by commercial transport operators starting tomorrow, June 2, 2026.
The Association stated that spare parts prices have remained stable in recent months, contradicting claims by the Ghana Private Road Transport Union (GPRTU) and other transport operators, who argue that rising operational costs warrant the proposed fare increase.
Speaking in an interview, the Association’s Head of Communications, Takyi Addo, asserted that there has been no increase in prices throughout the spare parts market.
“Spare parts prices have not been raised at all. There is complete stability in the spare parts industry. In fact, the stability of the cedi against the dollar has actually contributed to maintaining stable prices,” he remarked in an interview monitored by The Ghana Report on Citi Business News.
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Mr. Addo contended that the recent appreciation of the local currency and the relative steadiness in the foreign exchange market have alleviated pressure on importers and traders, rendering claims of widespread increases in spare parts prices inaccurate.
“We disagree with the transport operators. They should not claim they are raising fares by 20 per cent due to increased spare parts prices. That is simply untrue. Traders are satisfied with the current market trend,” he emphasised.
The Association also praised the government’s management of the economy and the exchange rate, noting that the cedi’s relative stability over the past month has positively affected business operations in the spare parts sector.
Takyi Addo reiterated that while traders continue to push for a reduction in taxes and other costs affecting the industry, the current market conditions do not support assertions of significant price hikes.
“If you were to ask me as the Head of Communications for the Association, there is no increase in spare parts prices. We have stability in the market, and everything is satisfactory now compared to previous times,” he stressed.
His remarks come after the Ghana Private Road Transport Union (GPRTU) and the Commercial Transport Operators of Ghana announced that transport fares will increase nationwide from June 2, 2026.
According to the transport operators, the fare hike is necessary due to the continued rise in fuel prices and the increasing cost of vehicle spare parts, both of which have placed significant financial pressure on their operations.
