The Government of Ghana has announced the introduction of a Tertiary Education Scholarship Scheme for children of cocoa farmers, as part of comprehensive measures to support cocoa farming households.
According to Finance Minister Dr. Cassiel Ato Forson, “President Mahama has introduced a Tertiary Education Scholarship Scheme for children of cocoa farmers. Consequently, in the 2025/26 season, COCOBOD will develop modalities and implement the Cocoa Tertiary Scholarship Scheme for children of cocoa farmers, which will take effect from the 2026/27 academic year.”
The announcement comes alongside a major increase in the producer price of cocoa. “Government is pleased to announce an increase in the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne,” the statement said, representing a 62.58% increase in dollar terms.
“This increase in the producer price represents 70% of the gross Free-On-Board (FOB) value of $7,200 per tonne, and aligns with President Mahama’s promise to pay cocoa farmers 70% of the FOB price.”
In local currency terms, “the Government is pleased to announce an increase in the producer price of cocoa from GHS49,600 per tonne to GHS51,660 per tonne.”
Source: Finance Ministry
