Government has announced a significant increase in the producer price of cocoa for the 2025/2026 season.
The Producer Price Review Committee (PPRC), chaired by Minister of Finance, Dr. Cassiel Ato Baah Forson, raised the price from $3,100 to $5,040 per tonne, representing a 62.58% increase in dollar terms. The new cocoa season will open on Thursday, August 7, 2025.
“It is instructive to note that the Government has by this decision increased the producer price significantly by 62.58% in US$ terms,” the Minister stated.
The new price represents 70% of the gross Free-On-Board (FOB) value of US$7,200 per tonne, aligning with President Mahama’s promise to pay cocoa farmers 70% of the FOB price.
According to the Minister, the FOB value set by the NPP administration at US$4,850 per tonne for the 2024/25 season, with producer price at US$3,100, which represented 63.9% of the FOB — despite better global market prices at the time.
Government explained that the new gross FOB value was calculated using outstanding contracts for 100,000 tonnes sold at US$2,600 per tonne in the 2023/2024 crop season, as well as forecasts for the upcoming season.
At an average exchange rate of GHc10.25 to US$1, the new producer price in cedi terms is GHC51,660 per tonne, up from GHC49,600, which translates to GHC3,228.75 per 64kg bag.
“This is coming on the back of a strong Ghana Cedi and declining inflation, reflecting the Government’s commitment to improving the livelihoods of our cocoa farmers,” the Minister added.
Government, as part of protecting farmers against income loss from the cedi’s strength, maintained the cedi equivalent of US$3,100 per tonne at GHC16 to US$1 for several months, amounting to a GHC1,114 subsidy per bag sold since Q2 2025.
“This intervention by Government moved the farmer share of the FOB from 63.9% to over 99%,” the Minister stated.
In addition to the new pricing, the PPRC has also approved revised margins and fees for key players in the cocoa value chain — including buyers, hauliers, warehouse operators, and quality control units.
COCOBOD, the industry regulator, has made jute sacks and logistics available for a smooth start to the season.
COCOBOD to amend cocoa sector laws to curb ‘galamsey’ threat, support farmers
