The Ghana Cocoa Board (COCOBOD) has increased the producer price of cocoa to GH¢2,650 per 64-kilogram bag for the 2026/2027 crop season, with the new price taking immediate effect from Friday, September 25, 2026.
The new price translates into GH¢42,400 per tonne, up from GH¢41,392 per tonne for the 2025/2026 season.
Chief Executive Officer of COCOBOD, Dr Ransford Anertey Abbey, announced the new price at Cocoa House in Accra on Friday, following consultations among key stakeholders in the cocoa industry.
According to him, the approved producer price represents 71.18 percent of the realised gross Free on Board (FOB) price of cocoa.
“COCOBOD and all the key stakeholders… have approved that the producer price of cocoa be increased from GH¢41,392 per tonne, which was for the 2025/2026 season, to GH¢42,400 per tonne for the 2026/2027 cocoa season,” Dr Abbey announced.
“This represents 71.18 percent of the realised gross Free on Board value and translates into GH¢2,650 per 64-kilogram bag of cocoa,” he added.
The decision was reached with the involvement of the Minister of Finance, cocoa farmers and the Chamber of Cocoa Marketers, which comprises licensed buying companies, hauliers and processors.
The increase follows the enactment of the Ghana Cocoa Board Act, 2026 (Act 1182), which Dr Abbey said guarantees cocoa farmers a minimum of 70 percent of the realised gross FOB price.
The legislation also introduces reforms intended to strengthen the governance and financial sustainability of the cocoa industry.
According to the COCOBOD Chief Executive, the law strengthens protection for cocoa farms against illegal small-scale mining, introduces a new financing framework to promote domestic cocoa processing and value addition, and prevents COCOBOD from undertaking quasi-fiscal activities.
Beyond the producer price, Dr Abbey said COCOBOD would continue implementing productivity-enhancement programmes designed to reduce production costs for farmers and improve yields.
These include the provision of free fertiliser, free hybrid cocoa seedlings and the Cocoa Disease and Pest Control Programme. COCOBOD also expects the revised producer price to support efforts to tackle cocoa smuggling.
Dr Abbey consequently appealed to cocoa farmers, traditional authorities, licensed buying companies, security agencies and cocoa-growing communities to support efforts to protect the country’s cocoa industry.
Meanwhile, rates and fees payable to other actors within the cocoa supply chain have been maintained.
These include buyers’ margins, haulage rates, warehousing and internal marketing costs, as well as fees for disinfestation, grading and sealing, and scale inspection.
Dr Abbey subsequently declared the 2026/2027 cocoa season officially open, with the revised producer price and applicable rates taking effect immediately.
