The Ghana Cocoa Board (COCOBOD) has assured cocoa farmers that the upcoming cocoa producer price announcement in August 2025 will surpass that of neighboring Côte d’Ivoire, following a surge in global cocoa prices.
The assurance comes as market expectations for a competitive farmgate price grow, driven by the rising cost of cocoa worldwide and Ghana’s commitment to ensuring better earnings for its farmers.
Ghana’s current producer price stands at GH₵3,100 per 64kg bag.
Meanwhile, Côte d’Ivoire adjusted its farmgate price for the mid-crop season, which started April 2, setting it at 2,200 CFA francs ($3.62) per kilogram, a move reflecting expectations for a smaller harvest.
COCOBOD acknowledges operational and financial challenges inherited by its new management, but remains confident in delivering a favorable price adjustment to support local cocoa farmers.
Speaking in an interview, COCOBOD’s Head of Public Affairs, Jerome Sam, reinforced the Board’s commitment to improving cocoa farmers’ earnings:
“COCOBOD and the Ghanaian farmer will lose about $1.4 billion due to the inefficiencies of the previous administration in servicing contracts. However, the CEO maintains that this is not an excuse to deny farmers an improved price. If we want productivity to increase, we need to find ways to motivate farmers.”
Sam further assured that Ghana’s price will exceed Côte d’Ivoire’s, stating: “Whichever price Côte d’Ivoire sets, we are going to give more than that. The new Board is yet to be inaugurated, but once it convenes, pricing strategies will be discussed. What we know for sure is that Ghana’s cocoa farmers will not receive less than their counterparts in Côte d’Ivoire.”
