Prime News Ghana

Automobile Dealers announce 15% reduction in vehicle prices

By Vincent Ashitey
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The Automobile Dealers Union of Ghana (ADUG) has announced a 15% reduction in vehicle prices nationwide.

This is aimed at easing costs for car buyers after recent economic improvements, the union said on Sunday, February 15, 2026.

The decision follows relative stability in the Ghana cedi’s exchange rate against the US dollar and the government’s abolition of the COVID-19 Health Recovery Levy, which had added to import costs for vehicles and other goods.

Announcing in a statement, ADUG said the cuts reflect a long-standing promise to pass the benefits of improved economic conditions directly to consumers.

The price adjustments apply to brand-new cars, hybrid and electric vehicles, and home-used (second-hand) models across the country.

Eric Kwaku Boateng, National President of ADUG, said the union’s members acted in “good faith and with a strong sense of national responsibility” to make vehicles more affordable.

The move provides welcome news for individuals and businesses burdened by high transportation costs, especially after months of exchange rate volatility and imported vehicle prices climbing sharply.

Vehicle prices had risen significantly over the past year, largely due to the cedi’s depreciation against the dollar, high import duties, increased shipping costs and lingering global supply chain disruptions.