The Government has announced a significant increase in the producer price of cocoa for the 2025/2026 season. The announcement was made following a meeting of the Producer Price Review Committee (PPRC) on Cocoa, chaired by the Minister of Finance, Dr Cassel Ato Forson.
“Government is pleased to announce an increase in the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne. The Government has by this decision increased the producer price significantly by 62.58% in US$ terms,” the finance minister disclosed.
Dr Forson explained that the adjustment reflects the administration’s commitment to cocoa farmers and aligns with President John Mahama’s pledge to ensure they receive a fair share of the international market price.
“This increase in the producer price represents 70% of the gross Free-On-Board (FOB) value of $7,200 per tonne and aligns with President Mahama’s promise to pay cocoa farmers 70% of the FOB price,” he stated.
Providing a comparison with the previous administration, Dr Forson noted, “For the 2024/25 cocoa season, the previous NPP administration set an FOB value of US$4,850 per tonne of cocoa, and the producer price at US$3,100, representing 63.9% of FOB, even though the world market price at the time was much better. The Gross FOB value was arrived at using outstanding cocoa contracts of about 100,000 tonnes sold at US$2,600 per tonne in the 2023/2024 crop season, and average forecast for the 2025/2026 crop season.”
He further added that using an average exchange rate of GHS10.25 to the US dollar for the new season, the revised cocoa price also reflects positively in local currency terms.
“At an average exchange rate of GHS10.25 to the US Dollar for the 2025/2026 crop season, the Government is pleased to announce an increase in the producer price of cocoa from GHS49,600 per tonne to GHS51,660 per tonne. This further translates to an amount of GHS3,228.75 per bag of 64-kilogram gross weight of cocoa,” Dr Forson said.
The new pricing, aimed at boosting morale among cocoa farmers and reinforcing Ghana’s position on the global cocoa market, will officially take effect from Thursday, 7th August 2025.
By Victor Lavor
