The Abossey Okai Spare Parts Dealers Association says the current Akufo-Addo-led government will win the hearts of its members, if their business is covered by the 50 percent reduction in benchmark values, used by Customs in valuation of all imported goods.
For them, government is already scoring high on their scorecard, but maintained that this government will realise the full marks on their assessment of its performance, if they’re also affected by the introduction of the new imports duty regime.
“On a scale of 1-10, I’ll give the government 7 out of 10. However if the government will place us on the benchmark value, it’ll get the full ten marks on our scorecard.” General Secretary, Spare Parts Dealers Association, Nana Osei Sarkodie told host Kwaku Owusu Adjei on Anopa Kasapa on Kasapa 102.5 FM Tuesday.
The Vice President, Dr. Mahamudu Bawumia on April 3, 2019 announced cabinet’s decision to slash the benchmark values by fifty percent (50%) for all imports and thirty percent (30%) for vehicles.
On the new reductions with regard to benchmark valuation, Customs had already adjusted its systems to reflect the discount given by the government.
But the dealers say they are still facing hard times when they clear their imported spare parts from the ports.
“…If the VEEP said they’ve reduced the benchmark by 50%, then we should have felt the impact. I know somebody who from 2008 has been reducing the number of containers he ships into the country. From 2008, 2010, 2012, every now and then imports from Korea is diminishing and traders’ stocks are reducing because of rising cost of business,” Sarkodie bemoaned.
He added:” We are a neutral body. Abossey Okai Spare Parts Dealers Association is not NPP neither are we NDC. Our association supersedes every political affiliation. But rather we are only in love and supports governments that introduce business friendly policies. Currently, we’ve improved road networks, which is helping our business. As I’m talking to you now from last two weeks, we’ve realised the dollar is stabilized, and its good for our business. So if the government will create a better system to help us mutually, we will appreciate that a lot and support the government and even encourage our members to do same and extend its term.