The Ghana Cocoa Board (COCOBOD) has announced an increase in the producer price of cocoa for the 2026/27 cocoa season, raising the price from GH¢41,392 to GH¢42,400 per tonne.
The new cocoa producer price took effect on Friday, September 25, 2026, and translates into GH¢2,650 for a 64-kilogramme bag of cocoa.
The announcement was made by the Chief Executive Officer of COCOBOD, Dr. Randy Abbey, during the official opening of the 2026/27 cocoa season.
New Cocoa Price Represents 71.18% of FOB Value
Dr. Randy Abbey explained that the new producer price represents 71.18% of the realised gross Free-on-Board (FOB) value of Ghana’s cocoa.
He said the decision to increase the cocoa producer price followed consultations with major stakeholders in the cocoa industry, including the Minister of Finance, cocoa farmers and the Chamber of Cocoa Marketers.
The Chamber of Cocoa Marketers includes Licensed Buying Companies (LBCs), hauliers and cocoa processors involved in the country’s cocoa supply chain.
Cocoa Farmers to Receive Higher Returns
Under the new pricing arrangement, cocoa farmers will receive an additional GH¢1,008 per tonne compared with the producer price announced for the 2025/26 cocoa season.
The adjustment is expected to increase the income received by cocoa farmers and strengthen incentives for continued cocoa production in Ghana.
New COCOBOD Act Introduces Cocoa Sector Reforms
Dr. Abbey also highlighted key reforms under the Ghana Cocoa Board Act, 2026 (Act 1182), which seeks to strengthen the governance, financing and long-term sustainability of Ghana’s cocoa industry.
One of the major provisions of the new law guarantees cocoa farmers a minimum of 70% of the realised gross FOB price of cocoa.
The legislation also provides stronger protection for cocoa farms against illegal small-scale mining, commonly known as galamsey.
In addition, the new Act introduces a financing framework aimed at supporting domestic cocoa processing and value addition, while prohibiting COCOBOD from engaging in quasi-fiscal activities.
Ghana Cocoa Industry Targets Sustainable Growth
According to Dr. Randy Abbey, the reforms are designed to improve returns to cocoa farmers, strengthen the financial and institutional foundations of COCOBOD and create a more sustainable future for Ghana’s cocoa sector.
The new cocoa producer price and regulatory reforms come as Ghana seeks to strengthen its cocoa production, farmer incomes, domestic processing and value addition while improving the long-term sustainability of the country’s cocoa industry.
Source: newsthemegh.com