Automobile Dealers Union of Ghana Announces 15% Reduction in Vehicle Prices
The Automobile Dealers Union of Ghana (ADUG) has announced a 15 percent reduction in vehicle prices.
In a statement released on February 15, 2026, the Union stated that the decision follows the relative stabilization of the Ghana cedi against the US dollar and the abolition of the COVID-19 levy.
According to ADUG, the price adjustment fulfils a commitment made by the Union to review vehicle prices downward once exchange rate conditions improved.
The Union then added that the recent exchange rate consistency has allowed its members to adjust prices across a wide range of vehicles, including brand-new, hybrid, electric, and home-used cars and hence deliver on its commitment.
”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 also explained that in recent months, vehicle prices were heavily impacted by exchange rate volatility, high import duties, shipping costs, and global supply chain pressures. However, with improved economic conditions, the Union says members have acted in good faith to reflect the changes in pricing.
”Over the past months, the cost of vehicles in Ghana was significantly impacted by exchange rate volatility, high import duties, shipping costs, and global supply chain pressures. During this period, ADUG consistently assured the public that once the exchange rate showed signs of stability, vehicle prices would be reviewed downward.
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, including brand-new, hybrid, electric, and home-used vehicles.”
The Union then Proceeded to thank Ghanaians for their patience and reaffirmed its commitment to fair pricing and protecting consumer interests.’
The statement was signed by the National President of the Union, Eric Kwaku Boateng.
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