In a major boost to Ghana’s cocoa industry, the government has announced a significant increase in the producer price of cocoa, raising it to GHS3,625 per bag or GHS58,000 per tonne.
Finance Minister Dr. Cassiel Ato Forson, who made the announcement at a press conference in Accra today, said the new price represents a 12.27% increase over the current rate, which was last reviewed in August. This means an additional GHS400 per bag for cocoa farmers across the country.
“This increase is part of government’s ongoing efforts to ensure that cocoa farmers receive fair value for their hard work,” Dr. Forson noted.
The new pricing takes effect from Friday, October 3, 2025. Dr. Forson clarified that fees, margins, and rates for all stakeholders, including COCOBOD, will remain unchanged. The adjustment, he said, is targeted solely at improving the welfare of cocoa farmers.
He also emphasized that COCOBOD will continue to implement aggressive support interventions to boost production and reduce cost pressures on farmers. These include the free supply of cocoa fertilizers (both liquid and granular), insecticides, fungicides, flower inducers, and spraying machines.
“We are not just increasing the price. we are also deepening support to make cocoa farming more viable and productive,” he added.
Dr. Forson further revealed that plans are well advanced for the Tertiary Education Scholarship Scheme for children of cocoa farmers, which is expected to kick off in the 2026/2027 academic year. The initiative aims to support cocoa-growing families with access to higher education.
The announcement comes at a time when global cocoa prices have experienced volatility, and there have been calls for increased domestic producer prices to reflect the rising cost of living and the critical role cocoa plays in Ghana’s economy.
