The Automobile Dealers Union of Ghana (ADUG) has announced a 15 per cent reduction in vehicle prices following the relative stability of the Ghana cedi against the US dollar and the abolition of the COVID-19 levy.
In a statement issued in Accra on Sunday, February 15, 2026, the Union said the price adjustment is in line with its earlier commitment to review vehicle prices downward once the exchange rate showed signs of stability.
According to ADUG, the reduction reflects its longstanding promise that any meaningful stabilisation of the exchange rate would translate into fairer vehicle pricing rather than excess profiteering.
The Union noted that over the past months, vehicle prices in Ghana were significantly affected by exchange rate volatility, high import duties, shipping costs and global supply chain pressures. During that period, it consistently assured the public that prices would be reviewed once economic conditions improved.
With recent improvements and relative consistency in the exchange rate environment, ADUG said its members have honoured that pledge by adjusting prices across a wide range of vehicles, including brand-new, hybrid, electric and home-used vehicles.
“This decisive action reflects the Union’s long-standing promise to Ghanaians that any meaningful stabilization of the exchange rate would translate into fairer vehicle pricing, rather than excess profiteering. We are pleased to state that our members have acted in good faith and with a strong sense of national responsibility,” the statement said.
The statement, signed by the National President of ADUG, Eric Kwaku Boateng, thanked Ghanaians for their patience and confidence in the organised automobile trade.
The Union reaffirmed its commitment to acting in the best interest of consumers and supporting the national economy.
