Automobile Dealers Union Announces 15% Drop in Vehicle Prices in Ghana
The Automobile Dealers Union of Ghana (ADUG) has announced an average 15% reduction in vehicle prices across the country following the recent stabilization of the exchange rate and the abolition of the COVID-19 levy.
In a statement issued to the public, the Union explained that the price adjustment fulfils its earlier pledge to ensure that any meaningful stability in the Ghana cedi against the US dollar would lead to fairer vehicle pricing rather than excessive profit margins. According to ADUG, its members acted in good faith and with a strong sense of national responsibility in implementing the reductions.
The Union noted that vehicle prices in recent months had been heavily influenced by exchange rate volatility, high import duties, rising shipping costs, and global supply chain d...









