The Government of Ghana has announced a significant increase in the producer price of cocoa, raising it from US$3,100 to US$5,040 per tonne for the 2025/2026 cocoa season. The adjustment, representing a 62.58% increase in dollar terms, will take effect on Thursday, August 7, 2025.
The decision was communicated by Finance Minister Dr. Cassiel Ato Forson in a statement on Monday, August 4, following a meeting of the Producer Price Review Committee (PPRC), which he chairs.
According to Dr. Forson, the new price delivers on President Mahama’s pledge to ensure cocoa farmers receive 70% of the Free-On-Board (FOB) value, which currently stands at US$7,200 per tonne.
He contrasted the new rate with that of the previous administration, noting that in the 2024/25 season, the NPP government paid US$3,100 per tonne — equivalent to 63.9% of an FOB value of US$4,850. https://web.facebook.com/share/p/16sfePqLW6/
The current FOB value is based on a blend of contracts sold at US$2,600 per tonne in the 2023/24 crop year and forward projections for 2025/26. Using an average exchange rate of GH¢10.25 to the US dollar, the increase translates to GH¢51,660 per tonne or GH¢3,228.75 per 64-kilogramme bag of cocoa.
Government says the move reflects its commitment to improving the livelihoods of cocoa farmers and strengthening the cocoa sector’s contribution to the national economy.
