Bawumia’s flat rate duty on spare parts imports proposal is visionary - Suame Spare parts dealers

A flat rate for spare parts imports proposed by the NPP Flagbearer, Dr. Mahamudu Bawumia, has received commendation from a group of spare parts dealers at Suame Magazine in Kumasi.

The group, Suame Magazine Spare Parts Dealers Association, appreciated the vice president for the proposal and described it as a visionary initiative.

This follows the NPP flagbearer's lecture on February 7, 2024, where he stated that he will introduce a flat rate for import duties on spare parts if he becomes the president.

The Suame Magazine Spare Parts Dealers Association, in a statement on February 12, 2024, emphasised the significance of supporting the introduction of the uniform tax rate, stating that it would contribute to the growth and prosperity of the spare parts dealership industry and the wider economic landscape.

“As a non-partisan organisation dedicated to advancing the spare parts dealership industry, we wholeheartedly embrace and endorse Dr. Bawumia's proposal.

“The envisaged flat rate duty holds the promise of a substantial reduction in the cost of spare parts, offering much-needed relief to commercial drivers who regularly factor these expenses into transport fares. This reduction will, in turn, alleviate additional burdens on the commuting public, contributing to a more sustainable and affordable transportation system,” part of the statement by the group read.

Moreover, the Suame Magazine Spare Parts Dealers Association also promised to cooperate with relevant stakeholders to ensure the smooth implementation of this advantageous duty structure.

“The Association is committed to working closely with relevant stakeholders to ensure the seamless implementation of this beneficial duty structure.

“We call upon all members of the Suame Magazine Spare Parts Dealers Association to unite in support of the introduction of the Flat Rate Duty on Spare Parts Imports. Through collective support for this initiative, we can actively contribute to the growth and prosperity of the spare parts dealership industry, fostering positive developments in the broader economic landscape,” the statement added.

Read their full statement below:

FOR IMMEDIATE RELEASE

12th February 2024

Suame Magazine Spare Parts Dealers Association lauds Bawumia’s flat rate on import duties for spare parts

In a media forum convened on Wednesday, 7th February 2024, in Accra, Dr. Mahamadu Bawumia, the Vice President and current flagbearer of the New Patriotic Party (NPP), unveiled the party's commitment to implementing a Flat Rate Duty on Spare Parts Imports.

The Suame Magazine Spare Parts Dealers Association expresses its gratitude for Dr. Mahamadu Bawumia's groundbreaking proposal for a Flat Rate Duty on Spare Parts Imports.

This visionary initiative, presented by the New Patriotic Party's presidential aspirant, is seen as instrumental in safeguarding the interests of spare parts dealerships nationwide.

As a non-partisan organization dedicated to advancing the spare parts dealership industry, we wholeheartedly embrace and endorse Dr. Bawumia's proposal.

The envisaged flat rate duty holds the promise of a substantial reduction in the cost of spare parts, offering much-needed relief to commercial drivers who regularly factor these expenses into transport fares. This reduction will, in turn, alleviate additional burdens on the commuting public, contributing to a more sustainable and affordable transportation system.

The Association is committed to working closely with relevant stakeholders to ensure the seamless implementation of this beneficial duty structure.

We call upon all members of the Suame Magazine Spare Parts Dealers Association to unite in support of the introduction of the Flat Rate Duty on Spare Parts Imports. Through collective support for this initiative, we can actively contribute to the growth and prosperity of the spare parts dealership industry, fostering positive developments in the broader economic landscape.

The Association expresses gratitude to Dr. Mahamadu Bawumia for his foresight and dedication to the welfare of the spare parts sector, eagerly anticipating the positive impact of this policy on our industry and the nation as a whole.

For media inquiries, please contact: Mr Godfred Adu, Chairman

0244670601

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