The Automobile Dealers Union of Ghana (ADUG) has announced a nationwide reduction in vehicle prices, saying its members have cut prices by an average of 15% following the relative stabilisation of the cedi and the removal of the COVID-19 Health Recovery Levy.
In a press release dated Sunday, February 15, 2026, the Union said the adjustment covers a wide range of vehicles, including “brand-new, hybrid, electric, and home-used vehicles.”
ADUG said the price drop is linked to the “relative stabilization of the Ghana cedi against the US Dollar” and the abolition of the 1% COVID-19 levy at the start of 2026, which had added to import and transaction costs.
“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 explained that vehicle prices had risen in recent months due to currency volatility, import duties, shipping costs and global supply chain pressures, but stressed that dealers had pledged to review prices once the exchange rate improved.
“With the recent improvement and relative consistency in the exchange rate environment, our members have honoured that promise by adjusting prices,” ADUG added.
The statement, signed by ADUG National President, Hon. Eric Kwaku Boateng, thanked the public for their patience and pledged continued cooperation in the interest of consumers and the national economy.
