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 and the abolition of the COVID-19 levy.
In a public notice on Sunday, February 15, 2026, the Union said its members have “reduced vehicle prices by an average of 15% following the relative stabilization of the Ghana cedi against the US Dollar, as well as the abolition of Covid-19 levy.”
According to ADUG, the move is in line with an earlier commitment to ensure that improvements in the exchange rate environment translate into fairer pricing for consumers.
“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,” the statement said.
The Union added that its members had acted “in good faith and with a strong sense of national responsibility” in implementing the price reductions.
ADUG explained that vehicle prices had been significantly affected in recent months by several factors, including “exchange rate volatility, high import duties, shipping costs, and global supply chain pressures.”
During that period, the Union said it had repeatedly assured the public that prices would be reviewed once the exchange rate stabilised.
“Once the exchange rate showed signs of stability, vehicle prices would be reviewed downward,” the statement noted.
With what it described as recent improvement and consistency in the exchange rate environment, ADUG said its members have now honoured that pledge.
The price adjustments, according to the Union, apply to “a wide range of vehicles, including brand-new, hybrid, electric, and home-used vehicles.”
The Union also expressed appreciation to the public for their support and understanding.
“We thank Ghanaians for their patience, trust, and confidence in the organized automobile trade,” ADUG stated, adding that it remains committed to acting “in the best interest of consumers and the national economy.”
