Vehicle Prices Drop by 15% as Dealers Respond to Cedi Stability
The Automobile Dealers Union of Ghana (ADUG) has announced an average 15 percent reduction in vehicle prices, following the relative stabilisation of the Ghana cedi against the US dollar and the abolition of the COVID-19 levy.
In a statement issued on Saturday, February 15, 2026, the Union said the price adjustment reflects a long-standing commitment to pass on exchange rate gains to consumers rather than engage in excessive profiteering.
According to ADUG, the reduction applies across a broad range of vehicles, including brand-new cars, hybrid and electric vehicles, as well as home-used vehicles, offering relief to consumers who have faced persistently high vehicle costs over the past months.
The Union explained that vehicle prices in Ghana had previously surged due to a combination of exchange rate volatility, high import duties, shipping costs, and global supply chain pressures. During that period, ADUG assured the public that once the currency environment showed signs of stability, prices would be reviewed downward.
“With the recent improvement and relative consistency in the exchange rate environment, our members have honoured that promise,” the statement noted.
ADUG described the move as an act of good faith and national responsibility, emphasising that organised automobile dealers remain committed to fair pricing and consumer protection.
The Union also thanked Ghanaians for their patience and continued trust in the organised automobile trade, reaffirming its resolve to act in the best interest of consumers and the broader national economy.
