Some spare parts dealers at Abossey Okai are pushing back against calls to reduce prices, despite the recent strengthening of the Ghanaian cedi against the US dollar.
The traders argue that their current stock was purchased when the exchange rate was much higher, and lowering prices now would result in financial losses.
This stance contrasts with guidance from the Abossey Okai Spare Parts Dealers Association, which has encouraged members to reflect the cedi’s recovery in their pricing.
Speaking to Citi FM, dealer Francis Appiagyei explained:
“For now, reducing prices isn’t feasible because we bought our stock at a higher exchange rate. Once we sell off this batch and order new stock at the current rate, then prices can be reviewed.”
Another dealer, Yaw Ansong, echoed the sentiment, emphasizing the risk to his livelihood:
“I haven’t restocked yet, so I can’t reduce prices. If I do, I’ll lose money—and possibly my business.”
However, some dealers expressed a willingness to adjust prices in the near future, provided the cedi maintains its current strength.
Eric Osei Danso noted:
“We’ve realized the dollar is falling and the cedi is gaining. We’ll follow the advice, but not immediately. If the rate remains stable, then we’ll reduce prices.”
While consumers are hopeful for quick relief, most dealers maintain that pricing decisions must be guided by practical business realities, not just market expectations.
