The Automobile Dealers Union of Ghana (ADUG) has announced a significant reduction in vehicle prices, lowering costs by an average of 15% for the general public. The move comes after the Ghana cedi showed relative stability against the US Dollar and the government abolished the COVID-19 levy.
In a statement, ADUG said, “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 Union noted that vehicle costs in Ghana had been heavily influenced by exchange rate fluctuations, high import duties, shipping costs, and global supply chain pressures. Throughout this period, ADUG assured consumers that prices would be reviewed once the exchange rate stabilized.
The Union confirmed that members have now acted on that promise, adjusting prices across a broad range of vehicles, including brand-new, hybrid, electric, and home-used cars. “We are pleased to state that our members have acted in good faith and with a strong sense of national responsibility,” the statement added.
ADUG also thanked the public for their patience and trust, reaffirming their commitment to consumers and the national economy. “We reaffirm our resolve to always act in the best interest of consumers and the national economy,” they said.
This reduction marks a positive step for vehicle buyers in Ghana, making car ownership more affordable after months of high costs caused by economic challenges.
