Prices not reduced because of Akufo-Addo – Spare parts dealers

n63um88lkf_abossey_okaiSome spare parts dealers at Abossey Okai in Accra, have denied reports that their decision to reduce prices of their products ahead of the Christmas season, was done in solidarity with the newly elected President, Nana Akufo-Addo.
The leadership of the spare part dealers say the recent decrease in prices by some traders, is as a result of a regular Christmas discount it gives to customers.

Mr. Siaw Ampadu, a leader of the traders at Abossey Okai explained that the reduction in prices was not due to political reasons; but is to afford customers the opportunity to buy their products at reduced cost. “It is true that we have cut our prices down but it is not due to political reasons. Since 2007, we find ways to cut down on our prices so that our customers can purchase our products. Being in the Christmas time, people travel a lot and if the prices are high, they cannot buy from us so we try to cut our prices every December and we started since 2007,” he said.

There are speculations that the dealers reduced their prices to support the newly-elected government after it had sabotaged the incumbent National Democratic Congress by selling at high prices. But according to Mr. Ampadu, “Abossey Okai is not doing politics with this. It is not because of Nana Akufo-Addo we are doing this.” He insisted that, the move was genuine in spite of economic challenges such as high import duties, high interest rates and high exchange rate that traders go through.

He said there was no definite percentage of reduction being offered to customers, however the traders offered discounts that made economic sense.


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