The Government of Ghana has announced a major increase in the producer price of cocoa for the 2025/2026 crop season, delivering on a key campaign promise by President John Dramani Mahama.
In a statement released today, Dr. Cassiel Ato Forson, Minister for Finance and Chairman of the Producer Price Review Committee (PPRC), revealed that the committee had met and approved a 62.58% increase in the producer price of cocoa, moving it from US$3,100 to US$5,040 per tonne.
“This significant increase is in line with President Mahama’s commitment to ensure cocoa farmers receive at least 70% of the Free-On-Board (FOB) price,” Dr. Forson stated.
“The new producer price represents exactly 70% of the gross FOB value of $7,200 per tonne, which was determined based on a combination of outstanding contracts from the 2023/2024 season and average projections for the upcoming season.”
This marks a departure from the previous administration’s policy. Under the 2024/2025 season, the FOB value was pegged at $4,850 per tonne, with farmers receiving only $3,100 per tonne, or 63.9% of the FOB price, despite more favorable global market conditions at the time.
At the current exchange rate of GHS10.25 to the US Dollar, the new cocoa price translates to a rise from GHS49,600 to GHS51,660 per tonne, or GHS3,228.75 per 64-kilogram bag.
Dr. Forson emphasized the timeliness and strategic importance of this decision:
“This new price, which takes effect from Thursday, 7th August 2025, is not only a fulfillment of our campaign promise but also a bold step toward restoring equity and fairness to the cocoa value chain. We remain committed to the welfare of our cocoa farmers.”
The Producer Price Review Committee includes representatives from COCOBOD, the Cocoa Marketing Company, licensed buying companies, farmers’ associations, and other key stakeholders.
