By Nelson Ayivor
As part of government efforts to promote fair pricing and protect consumers in the automobile spare parts sector, the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, on Monday, January 12, 2026, paid a working visit to the Abossey Okai Spare Parts Market in Accra.
The visit formed part of the Ministry’s broader market surveillance and engagement strategy aimed at ensuring transparency, stabilising prices and addressing complaints of unfair trading practices within the auto parts industry.
In her interactions with spare parts dealers and market leaders, Minister Ofosu-Adjare stressed the need for traders to adhere to fair pricing principles, especially at a time when consumers are grappling with economic pressures.
She cautioned against profiteering, price manipulation and the sale of substandard or counterfeit spare parts, noting that such practices undermine consumer confidence and road safety.
The Minister underscored the government’s commitment to working collaboratively with trader associations to sanitise the sector, improve standards and enhance competitiveness.
She said protecting consumers must go hand in hand with creating a conducive environment for businesses to thrive.
Minister Ofosu-Adjare also assured traders of the government’s readiness to engage stakeholders to address challenges affecting the spare parts market, including access to credit, import regulations and supply chain constraints.
The Director of Communications for the Abossey Okai Spare Parts Dealers Association, Takyi Addo, commended the Minister for the visit, addressing the widely held notion that dealers have refused to reduce prices in the face of the Cedi appreciating against the major trading currencies in the country,” adding that majority of dealers have begun reducing prices in line with the current dispensation.