The Automobile Dealers Union of Ghana (ADUG) has announced an average 15 percent reduction in vehicle prices nationwide, marking one of the clearest signs yet of easing cost pressures following recent improvements in Ghana’s macroeconomic environment.

In a statement issued on Monday, the Automobile Dealers Union of Ghana said the price adjustment takes immediate effect and is driven by the stabilisation of the Ghana cedi against the US dollar, as well as the government’s decision to abolish the Covid-19 levy.

According to the Union, the move fulfills a long-standing commitment to ensure that gains from currency stability are passed on to consumers rather than absorbed as excess profit within the supply chain.

“This decisive action reflects the Union’s long-standing promise to Ghanaians that any meaningful stabilisation of the exchange rate would translate into fairer vehicle pricing,” the statement said, adding that member dealers had acted “in good faith and with a strong sense of national responsibility.”

For several months, vehicle prices in Ghana have remained elevated, driven by exchange rate volatility, high import duties, shipping costs, and lingering global supply chain disruptions. The Union said the recent consistency in the foreign exchange market has now created room for downward price adjustments.

The reduction applies across a broad range of vehicles, including brand-new, hybrid, electric, and home-used (second-hand) models—offering relief to individuals, businesses, and transport operators grappling with high acquisition and operating costs.

The statement was signed by the National President of ADUG, Eric Kwaku Boateng, who reiterated the Union’s commitment to consumer protection and economic recovery.

“We thank Ghanaians for their patience, trust, and confidence in the organised automobile trade, and we reaffirm our resolve to always act in the best interest of consumers and the national economy,” the statement concluded.