The Ghanaian government has raised the producer price of cocoa to $5,040 per tonne for the 2025/2026 season, a 62.58% increase from $3,100, effective August 7, 2025. Finance Minister Dr. Cassiel Ato Forson announced the decision on X after a Producer Price Review Committee meeting, aligning with President Mahama’s pledge to pay farmers 70% of the Free-On-Board (FOB) value of $7,200 per tonne, as reported by Graphic Online.
Dr. Forson noted that the previous administration paid $3,100 per tonne in 2024/25, only 63.9% of the $4,850 FOB value. The new price, based on past contracts and 2025/26 forecasts, translates to GH¢51,660 per tonne or GH¢3,228.75 per 64kg bag at an exchange rate of GH¢10.25, per Bank of Ghana. This boost aims to support cocoa farmers’ livelihoods.
The cocoa price increase reflects Ghana’s commitment to its vital cocoa sector. Stay updated on how this impacts farmers and the economy!
source: myjoyonline
