The Government of Ghana has announced a significant increase in the producer price of cocoa ahead of the 2025/2026 season, raising it from US$3,100 to US$5,040 per tonne.
According to the Minister of Finance, Dr Cassiel Ato Forson, the new price, which takes effect from Thursday, August 7, 2025, reflects a 62.58% increase in dollar terms and aligns with President Mahama’s commitment to pay cocoa farmers 70% of the gross Free-On-Board (FOB) value.
The announcement follows a meeting of the Producer Price Review Committee (PPRC) on Cocoa, chaired by the Minister responsible for Agriculture, where consensus was reached on the new producer price.
The government disclosed that the new price is based on a gross FOB value of US$7,200 per tonne, far higher than the US$4,850 benchmark used by the previous administration during the 2024/2025 season.
Under the New Patriotic Party (NPP) government, cocoa farmers were paid US$3,100 per tonne, representing only 63.9% of the FOB value, despite a stronger world market price.
The new pricing structure is based on sales projections for the 2025/2026 season and 100,000 tonnes of cocoa sold during the 2023/2024 season at US$2,600 per tonne. With an average exchange rate of GHS10.25 to the US dollar, the new producer price translates to GHS51,660 per tonne, up from the previous GHS49,600.
This increment means cocoa farmers will now earn GHS3,228.75 per 64kg bag of cocoa, a welcome boost for producers nationwide.
The government emphasised that the new pricing model reflects its commitment to empowering cocoa farmers, improving livelihoods, and ensuring fairness in the distribution of proceeds from Ghana’s leading cash crop.
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Source: Oyerepafmonline.com
