Business News of Sunday, 15 February 2026Source: www.ghanaweb.comThe Automobile Dealers Union of Ghana (ADUG) has announced a 15 percent reduction in vehicle prices, a move it describes as aligning with the stability of the cedi and the scrapping of the COVID-19 levy. According to the Union in a statement released on February 15, 2026, the adjustment is in line with its earlier commitment to review vehicle prices downward. It noted that over the past months, vehicle prices in the country were affected by exchange rate volatility, high import duties, and shipping costs, which largely impacted their businesses. Car dealers predict drop in prices as cedi strengthens against US dollar"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 statement further added that the price adjustment cuts across a wide range of vehicles.
