Amid rising anxiety over tax reforms, the Ghana Revenue Authority (GRA) has moved swiftly to calm fears, declaring that the newly introduced VAT regime will not lead to an increase in spare parts prices.
The reassurance comes after traders and motorists raised alarm over potential cost surges, warning that any adjustment could hit transport fares and vehicle maintenance expenses hard. But the GRA insists the concerns are misplaced.
According to officials, the revised VAT framework is designed to streamline tax administration—not burden consumers with higher costs. The Authority stressed that spare parts pricing should remain stable, urging the public not to panic or fall for misinformation.
The announcement has sparked mixed reactions across the automobile sector, with some dealers welcoming the clarification while others remain cautious, calling for close monitoring of market trends in the coming weeks.
As debate swirls around the broader impact of tax reforms, the GRA’s message is loud and clear: drivers and spare parts dealers should not expect a VAT-induced price surge.
