The Ghana Revenue Authority (GRA) has issued a rebuttal to spare parts traders, asserting that their fears over a new tax regime are based on a critical misunderstanding and that, in fact, the changes will reduce prices for consumers and lower costs for businesses.
The response, contained in a press release dated February 10, 2026, comes after public statements by the Abossey Okai Spare Parts Traders Association warning that the shift to a new Value Added Tax system under Act 1151 would lead to higher prices, market distortion, and an unfair burden.
“The GRA takes the concerns of all taxpayers seriously and remains open to constructive engagement. However, the claims made in the Association’s statement reflect a fundamental misunderstanding of how the new VAT system operates,” the authority stated.
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