Government is expected to announce a new producer price for cocoa for the 2025/2026 crop season today, August 4, 2025.
Joy Business understands that the announcement will proceed following the completion of work by the various committees tasked with reviewing the pricing structure, as well as after extensive stakeholder consultations.
There are strong indications that the new price will reflect a significant increase in dollar terms.
However, uncertainty remains about the actual value of the new price in Ghana cedi terms, given the recent sharp appreciation of the cedi against the U.S. dollar over the past few months.
Currently, the producer price stands at GH¢3,100 per 64kg bag and GH¢49,600 per tonne.
Government is pressing ahead with the new pricing ahead of the official opening of the 2025/2026 cocoa season on Thursday, August 7, 2025.
President John Mahama, speaking last month, reiterated his administration’s commitment to ensuring cocoa farmers receive at least 70% of the world market price. He said this policy is aimed at restoring dignity and fairness to the farmers who form the backbone of Ghana’s agricultural economy.
As of last night, cocoa was trading at approximately $7,555 per tonne on the global market.
However, a major concern remains the real value of any increase in local currency terms, especially in light of government claims that it has been subsidising cocoa prices for the past five months, paying nearly 90% of the global market price directly to farmers.
Speaking on JoyNews’ PM Express Business Edition, Chief Executive of COCOBOD, Dr. Randy Abbey, expressed concern about how the cedi’s appreciation could impact farmers’ real incomes.
“What we are seeing now is a situation where global prices are high, and that would normally translate into higher incomes for our farmers. But with the cedi appreciating sharply, the gains could be reduced when translated into Ghana cedi,” Dr. Abbey explained.
Source: Joy Business
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