Vehicle Prices Drop by 15% in Ghana Following Economic Stability

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The Automobile Dealers Union of Ghana (ADUG) has announced a 15% reduction in vehicle prices across Ghana, following recent stability in the exchange rate and the abolition of the Covid-19 levy.

In a press release issued in Accra, the Union stated that the price adjustment fulfills its earlier commitment to reduce vehicle costs once the Ghana cedi stabilized against the US dollar.

The National President of ADUG, Eric Kwaku Boateng, said the decision reflects the Union’s promise to ensure fair pricing for consumers and demonstrate good faith in response to improving economic conditions.

Over the past months, vehicle prices in Ghana were significantly affected by exchange rate fluctuations, import duties, shipping costs, and global supply chain pressures. ADUG had assured the public that prices would be reviewed downward once stability returned to the market.

With recent improvements, dealers have now reduced prices across a wide range of vehicles, including brand-new, hybrid, electric, and home-used vehicles.

The Union expressed appreciation to Ghanaians for their patience and reaffirmed its commitment to supporting consumers and contributing to the growth of the national economy.

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