Vehicle prices in Ghana have been reduced by an average of 15% following what the Automobile Dealers Union of Ghana (ADUG) says is a more stable exchange rate environment and the removal of the COVID-19 Health Recovery Levy.
The Automobile Dealers Union, in a statement Sunday, dated February 15, 2026 and signed ADUG National President Eric Kwaku Boateng said the reduction is already being implemented by its members nationwide, covering a broad range of vehicles including brand-new, hybrid, electric and home-used cars.
According to the Union, the adjustment is in line with its earlier public pledge to lower prices once the cedi showed sustained stability against the US dollar.
“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,” ADUG stated.
The Union explained that the cost of vehicles had been pushed up in recent months by exchange rate volatility, import duties, shipping costs and global supply chain challenges.
However, it said the recent improvement and “relative consistency in the exchange rate environment” has created room for dealers to review prices downward.
“With the recent improvement and relative consistency in the exchange rate environment, our members have honoured that promise by adjusting prices,” the statement added.
Below is a copy of the statement
Source: Starrfm.com.gh
