The Automobile Dealers Union of Ghana has announced a 15 percent reduction in vehicle prices, citing the relative stability of the Ghana cedi against the US dollar and the removal of the COVID-19 levy.
In a statement released in Accra on Sunday, February 15, 2026, the Union said the decision fulfills its earlier assurance to review prices downward once the exchange rate environment showed sustained improvement.
ADUG explained that the adjustment reflects its pledge to pass on the benefits of currency stability to consumers rather than exploit the situation for excessive gains. It stressed that any meaningful stabilisation of the cedi would result in fairer pricing across the market.
The Union recalled that in recent months, vehicle prices had surged due to exchange rate volatility, high import duties, shipping costs and global supply chain constraints. Throughout that period, it maintained that prices would be reconsidered once economic conditions improved.
With the exchange rate now showing relative consistency, ADUG said its members have acted on that commitment by reducing prices across a broad spectrum of vehicles, including brand new, hybrid, electric and home used models.
“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 National President Eric Kwaku Boateng, expressed appreciation to the public for its patience and trust in the organised automobile trade.
The Union reaffirmed its resolve to protect consumer interests while contributing to national economic stability.
