The Government of Ghana has announced a significant increase in the producer price of cocoa for the upcoming 2025/2026 season, raising the price from US$3,100 per tonne to US$5,040 per tonne. This represents a 62.58% increase in dollar terms.
The decision was reached by the Producer Price Review Committee (PPRC) on Cocoa, chaired by the Minister for Finance, Dr. Cassiel Ato Forson.
The new price takes effect from Thursday, August 7, 2025, marking the official opening of the new cocoa season.
According to Dr. Ato Forson, the increase means farmers will now receive 70% of the gross Free-On-Board (FOB) value of cocoa, which stands at US$7,200 per tonne. He emphasized that this fulfills a key promise made by President John Mahama to cocoa farmers.
“This increase reflects our commitment to cocoa farmers and aligns with the pledge to ensure they receive 70% of the FOB value,” Dr. Forson stated.
The Finance Minister contrasted the current decision with that of the previous administration, noting that in the 2024/2025 season, the producer price was set at US$3,100, which was only 63.9% of the FOB value of US$4,850, despite stronger global market conditions.
He explained that the gross FOB value was determined based on approximately 100,000 tonnes of outstanding cocoa contracts sold at US$2,600 per tonne during the 2023/2024 season, and projections for the upcoming season.
In Ghana cedi terms, using an average exchange rate of GHS10.25 to the US dollar, the new producer price translates to GHS51,660 per tonne, up from GHS49,600. This equates to GHS3,228.75 per bag of 64-kilogram gross weight cocoa.
“At an average exchange rate of GHS10.25 to the US Dollar for the 2025/2026 crop season, the Government is pleased to announce an increase in the producer price of cocoa from GHS49,600 per tonne to GHS51,660 per tonne. This further translates to an amount of GHS3,228.75 per bag of 64-kilogram gross weight of cocoa,” he added.
