Ghana Increases Cocoa Producer Price To $5,040 Per Tonne, Up from $3,100

The Government of Ghana, under the leadership of President John Mahama, has announced a substantial increase in the producer price of cocoa for the 2025/2026 season, from $3,100 to $5,040 per tonne.

Ghana’s Finance Minister, Cassiel Ato Forson, disclosed the 62.58 per cent hike on Monday following a meeting of the Producer Price Review Committee (PPRC), which he chaired.

Forson stated that the price increase is in line with the government’s commitment to ensure cocoa farmers receive 70 per cent of the Free-On-Board (FOB) value of $7,200 per tonne for the internationally sought-after commodity.

This increase in the producer price represents 70 per cent of the gross FOB value of $7,200 per tonne and fulfils President Mahama’s promise to ensure cocoa farmers receive their fair share,” Forson said.

The new price, set to take effect on Thursday, August 7, 2025, comes in response to the prevailing global market price of $8,180.6 per tonne.

To further boost farmer incomes in the face of exchange rate fluctuations currently averaging GHS10.25 per dollar, the producer price in local currency has also been adjusted. The price per tonne has risen from GHS49,600 to GHS51,660, which is equivalent to GHS3,228.75 per 64kg bag.

As part of broader efforts to support cocoa farmers and enhance productivity, the government also announced the return of the Free Cocoa Fertiliser Programme.

“I am pleased to announce that President Mahama’s administration has reintroduced the free cocoa fertiliser programme to support our cocoa farmers,” Forson added.

The PPRC also approved new fees and margins for key actors in the cocoa value chain, including licensed buyers, hauliers, warehouse operators, and quality control personnel. The Ghana Cocoa Board (COCOBOD) has expressed full support and readiness for the implementation of the new season’s framework.

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Mayowa Durosinmi

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M. Durosinmi is a West Africa Weekly investigative reporter covering Politics, Human Rights, Health, and Security in West Africa and the Sahel Region

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Kangmwa Gofwen

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