The Automobile Dealers Union of Ghana (ADUG) has announced a 15 percent reduction in vehicle prices, citing the recent stabilization of the Ghana cedi against the US dollar and the abolition of the COVID-19 levy.
In a press release issued in Accra on February 15, 2026, the Union said the price adjustment is in line with an earlier commitment to review vehicle costs once there was meaningful improvement in exchange rate stability.
According to ADUG, the reduction reflects its long-standing promise to ensure that any favourable shift in the exchange rate would translate into fairer pricing for consumers rather than excess profiteering.
The Union explained that vehicle prices in Ghana had been heavily impacted in recent months by exchange rate volatility, high import duties, shipping costs, and global supply chain pressures. During that period, it assured the public that prices would be reviewed downward once the cedi showed signs of stability.
“With the recent improvement and relative consistency in the exchange rate environment, our members have honoured that promise by adjusting prices across a wide range of vehicles,” the statement noted.
The reduction covers brand-new, hybrid, electric, and home-used vehicles.
ADUG further expressed appreciation to Ghanaians for their patience, trust, and confidence in the organised automobile trade, reaffirming its commitment to act in the best interest of consumers and the national economy.
By: Bernard Mensah
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