Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season
The Government of Ghana has announced a substantial upward revision in the producer price of cocoa for the upcoming 2025/2026 season, raising the price from $3,100 to $5,040 (GHS 51,660) per tonne.
The new price, which represents a 62.58% increase in dollar terms, was agreed upon by the Producer Price Review Committee (PPRC) under the chairmanship of Finance Minister Dr Cassiel Ato Forson.
The new cocoa season officially opens on Thursday, August 7, 2025.
According to the Minister, the increased producer price constitutes 70% of the gross Free-On-Board (FOB) value of $7,200 per tonne—fulfilling a key promise by President John Dramani Mahama to ensure cocoa farmers receive at least 70% of the FOB value.
“This price review underscores our commitment to the welfare of cocoa farmers and aligns with our policy to ensure fair compensation in relation to global market trends,” Dr Forson stated.
Comparatively, the previous producer price of $3,100, set under the NPP administration for the 2024/2025 season, represented 63.9% of an FOB value of $4,850 per tonne despite relatively favourable world market prices.
The current gross FOB value of $7,200 per tonne was determined using existing cocoa contracts of approximately 100,000 tonnes sold at $2,600 per tonne during the 2023/2024 crop season and an average forecast for the 2025/2026 season.
In cedi terms, the producer price will move from GHS 49,600 to GHS 51,660 per tonne, using an average exchange rate of GHS 10.25 to the US dollar for the crop season. This translates to GHS 3,228.75 per 64kg bag of cocoa.
The new pricing structure, Government notes, takes effect from Thursday, August 7, 2025.
