Government has announced a new producer price for cocoa for the 2025/2026 crop season, increasing it from US$3,100 to US$5,040 per tonne.
The new rate reflects a 62.58% increase in dollar terms.
The decision was made by the Producer Price Review Committee (PPRC), chaired by the Finance Minister, Dr. Cassiel Ato Forson, ahead of the new cocoa season set to open on Thursday, August 7, 2025.
The announcement follows the completion of pricing review work by technical committees and broad stakeholder consultations.
President John Mahama, speaking in July, reaffirmed his administration’s pledge to ensure cocoa farmers receive at least 70% of the world market price—a policy he said aims to restore fairness and dignity to farmers who form the backbone of Ghana’s agricultural sector.
As of Sunday night, August 3, 2025, cocoa was trading at approximately US$7,555 per tonne on the international market.
In contrast, the previous New Patriotic Party (NPP) administration had pegged the Free on Board (FOB) value for the 2024/2025 season at US$4,850 per tonne, setting the producer price at US$3,100—representing just 63.9% of the FOB, despite higher global prices at the time.
According to government sources, the latest gross FOB value is based on outstanding contracts covering 100,000 tonnes of cocoa sold at US$2,600 per tonne during the 2023/2024 season, as well as price forecasts for the upcoming season.
Using an average exchange rate of GH₵10.25 to US$1, the new producer price translates to GH₵51,660 per tonne, up from GH₵49,600. This equals GH₵3,228.75 per 64kg bag.
In addition, the PPRC has approved revised margins and fees for all stakeholders in the cocoa value chain, including licensed buying companies, hauliers, warehouse operators, and quality control units.
Source: Adomonline.com
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