The government has increased the price of cocoa beans paid to cocoa farmers from GH¢49,600 per tonne to GH¢51,660 per tonne, with a target to pursue about 650,000 tonnes for the 2025/2026 cocoa year.
The increment represents GH¢3,228.75 per bag of 64-kilogramme gross weight of cocoa.
This was announced by the Minister of Finance, Dr Cassiel Ato Forson, at a press conference in Accra on Monday (Aug 4, 2025).
This increase in the producer price, he said represented a 70 per cent of the gross Free-On-Board (FOB) value of $7,200 per tonne adding that the increment was coming on the back of a strong Ghana Cedi and declining inflation, reflecting government’s commitment to improving the livelihoods of our cocoa farmers.
Attached below is a copy of the statement read by the minister at the press conference
GOVERNMENT ANNOUNCES PRODUCER PRICE OF COCOA FOR THE 2025/2026 COCOA SEASON
Accra, 4th August 202%
- The Producer Price Review Committee (PPRC) on Cocoa, under my Chairmanship met and agreed on the Producer Price of Cocoa for the 2025/2026 season, which opens on Thursday, 7th August 2025.
- Subsequent to this meeting, Government is pleased to announce an increase in the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne.
- It is instructive to note that Government has by this decision increased the producer price significantly by 62.58% in US$ terms.
- This increase in the producer price represents 70% of the gross Free-On-Board (FOB) value of $7,200 per tonne, and aligns with President Mahama’s promise to pay cocoa farmers 70% of the FOB price.
- It is significant to note that for the 2024/25 cocoa season, the previous NPP administration set an FOB value of US$4,850 per tonne of cocoa, and the producer price at US$3,100, representing 63.9% of FOB, even though the world market price at the time was much better.
- The Gross FOB value was arrived at using outstanding cocoa contracts of about 100,000 tonnes sold at US$2,600 per tonne in the 2023/2024 crop season, and average forecast for the 2025/2026 crop season.
- At an average exchange rate of GH¢10.25 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 GH¢49,600 per tonne to GH¢51,660 per tonne.
- This further translates to an amount of GH¢3,228.75 per bag of 64-kilogramme gross weight of cocoa.
- Government further announces that this new price takes effect from Thursday, 7th August 2025.
- This is coming on the back of a strong Ghana Cedi and declining inflation, reflecting Government’s commitment to improving the livelihoods of our cocoa farmers.
- Since the second quarter of 2025, Government has taken steps to maintain the Cedi equivalent of the US$3,100 per tonne at GH¢16 to the US$1, translating to GH¢49,600 per tonne.
- This measure by Government was to protect the cocoa farmer against the loss of income due to the strong performance of the Cedi.
- By maintaining the price at GH¢3,100 per bag for several months now amidst the strong performance of the Ghana Cedi, Government has subsidised the cocoa farmer with an amount of GH¢1,114 for each bag of cocoa sold since the second quarter of 2025.
- Ladies and Gentlemen, this intervention by Government moved the farmer share of the FOB from 63.9% to over 99%.
