The producer price of cocoa would increase from GH¢3,278.75 to GH¢3,625 per 64kg bag for the 2025–2026 season, according to the government’s announcement.
The equivalent of this is GH¢58,000 per tonne.
The Producer Price Review Committee (PPRC), led by Dr. Cassiel Ato Forson, Minister of Finance, made the judgement.
Since the government took power in January 2025, this is the second change in the price of cocoa.
Recall that the government significantly raised the producer price for the 2025–2026 season from $3,100 to $5,040 per tonne on August 4, 2025, a 62.58% increase in dollar terms.
Dr. Ato Forson clarified during a press conference announcing the most recent review that the upward adjustment was required to guarantee Ghana’s farm gate price would stay competitive following the Ivory Coast’s price increase on Wednesday, October 1.
“You will recall the government on August 4, 2025, announced a producer price of cocoa for the 2024/2025 season at GH¢3,278.75 per bag or GH¢51,660 per tonne. This translated to about $5,040 per tonne, representing 70% of the gross FOB price. That announcement was based on a forecast of the world market price and exchange rate projections.”
“Subsequently, we have seen some changes, and we needed to review the price. After meeting with stakeholders, we are pleased to announce a new producer price, which takes effect from Friday, October 3, 2025. On this basis, the price has been increased to 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 said.
Source: newsthemegh.com