Economic Stability Boosts Auto Business as Inflation Drops – Erata Motors CEO

As Ghana moves closer to the end of 2025, the Chief Executive Officer of Erata Motors, Mr Eddie Kusi Ankomah, has shared his views on how the economy has affected his business and also sent a message to Ghanaians for the Christmas season.

Speaking to Homebase TV, Mr Ankomah said the drop in inflation this year has improved the performance of Erata Motors. According to him, the better economic situation has brought relief to businesses and consumers.

He explained that the reduction in the dollar rate against the cedi has made it easier to import vehicles and spare parts. As a result, the prices of goods, including cars, have gone down, encouraging more customers to buy. He noted that when the cedi is strong, imports become cheaper, business costs reduce, and prices fall. However, when the cedi depreciates, imports become expensive and prices increase, putting pressure on consumers. He added that the recent improvement in the cedi has been good for both businesses and customers.

Mr Ankomah expressed hope that inflation will continue to fall further so that businesses can grow and people can enjoy a better standard of living. He also prayed for continued economic stability in the country.

As the festive season approaches, the Erata Motors CEO wishes all Ghanaians a Merry Christmas, especially his customers, family, friends, and everyone who patronises his business. He also advised drivers to be careful on the roads during the Christmas period, urging them to avoid speeding, obey traffic rules, and drive responsibly to help reduce road accidents.

He stressed that road safety is everyone’s responsibility and encouraged drivers to think about their families and loved ones before engaging in reckless driving. He ended by praying for a peaceful, safe, and accident-free Christmas season for all.