The Automobile Dealers Union of Ghana (ADUG) has announced a 15% reduction in vehicle prices across the country, citing the relative stability of the Ghana cedi against the US dollar and the abolition of the COVID-19 levy.
The price adjustment, which affects brand-new, hybrid, electric, and home-used vehicles, comes as dealers fulfil an earlier promise to review prices downward once exchange rate conditions improved.
In a statement signed by the Union’s National President, Eric Kwaku Boateng, ADUG said the move reflects its commitment to fairness and national responsibility, assuring Ghanaians that exchange rate stability would translate into more affordable vehicle pricing rather than increased profit margins.
Over the past year, vehicle prices surged significantly due to the depreciation of the cedi, rising import duties, high shipping costs, and global supply chain disruptions.
These factors made vehicle ownership increasingly difficult for many individuals and businesses.
However, with recent improvements in exchange rate stability and the removal of the COVID-19 levy, the Union said its members have taken decisive steps to reduce prices and ease the burden on consumers.
ADUG expressed appreciation to the public for their patience during the period of high vehicle costs and reaffirmed its commitment to acting in the best interest of consumers and contributing positively to Ghana’s economic recovery.
The reduction is expected to provide relief to prospective car buyers and businesses, particularly in sectors heavily dependent on transportation.
