The National Democratic Congress is accusing spare parts dealers at Abossey Okai in Accra of either sabotaging the outgoing Mahama administration or exploiting patrons of their products.
A Member of Parliament’s Finance Committee James Klutse Avedzi does not understand why the traders will cut prices of their products by as much as 30% a week after his party has lost power.
He told Joy News that while the conduct of the traders is still open for investigation, he suspects they were out to sabotage the government than exploit consumers.
Traders at the country’s spare parts hub have announced price cuts for various products shortly after the presidential candidate of the New Patriotic Party Nana Akufo-Addo was declared winner of the 2016 election.
The price cuts was in solidarity of the incoming government which has promised a relatively business friendly policies including tax reductions, import duty reduction etc.
Accordingly, fuel pump which sold at ¢350.00 is now selling at ¢20.00. Other products including car tapes have all seen marginal reductions.
The traders are praying the Akufo-Addo led government will redeem the promise he made to them when he settles in as president.
But the NDC MP is pessimistic the Akufo-Addo government will be able to redeem such a promise.
“I can tell you what they are expecting will never happen. If the government that is coming want to reduce the duty, want to reduce the taxes then probably they have other ways of getting money that we in the public don’t know yet,” he said.
Avedzi added if the traders could reduce prices by as much as 30% and still make some profit margins then it beggars belief why they would keep the prices that high until after the election.
“For a trader to make profit, the price at which you buy the product, cost and margin of profit will determine price.”
“Were they actually sabotaging the government by increasing prices to make the government look bad before the people?
“Why should they reduce prices just a week after an election in which an opposition party won or were they just exploiting the people of Ghana all this while?” he asked.
He stated emphatically that, the traders were however for sabotage than for exploitation.