The government has announced a new upward adjustment in the producer price of cocoa for the 2025/2026 season, raising it from GH¢3,278.75 to GH¢3,625 per 64kg bag. This brings the farm gate price to GH¢58,000 per tonne.
The decision was made by the Producer Price Review Committee (PPRC), chaired by the Minister for Finance, Dr. Cassiel Ato Forson. This is the second time the government has reviewed cocoa prices since assuming office in January 2025.
It will be recalled that on August 4, 2025, the government increased the producer price for the season from $3,100 to $5,040 per tonne — representing a 62.58% jump in dollar terms.
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Announcing the latest adjustment at a press briefing, Dr. Forson explained that the review became necessary to keep Ghana’s cocoa price competitive after neighbouring Ivory Coast announced a price increase on October 1.
“You will recall that on August 4, 2025, government announced a producer price of GH¢3,278.75 per bag, translating to GH¢51,660 per tonne, which was about $5,040 per tonne — or 70% of the gross FOB price. That was based on projections of world market prices and exchange rates,” he said.
“However, conditions have since changed. Following consultations with stakeholders, we are pleased to announce that from Friday, October 3, 2025, the new producer price will be GH¢3,625 per bag or GH¢58,000 per tonne. This means every cocoa farmer will now earn GH¢400 more per bag,” he added.
Story By: Afia Ohenewaa Akyerem