- COCOBOD will maintain the current cocoa producer price for the 2024/25 season
- Decision made after reviewing Ghana’s cocoa industry’s financial and operational status
- Price hikes could impact the sustainability of the cocoa value chain
The Ghana Cocoa Board (COCOBOD) has announced that it will maintain the current producer price for cocoa beans for the remainder of the 2024/25 season, despite a recent increase in prices by Côte d’Ivoire.
In an official statement, COCOBOD explained that this decision followed a comprehensive review of Ghana’s cocoa industry’s financial and operational situation.
While acknowledging Côte d’Ivoire’s recent move, the board emphasized that any sudden price changes could harm the sustainability of Ghana’s cocoa sector. COCOBOD also highlighted ongoing challenges such as rising input costs, global market fluctuations, and efforts to stabilize the industry.
The board reassured stakeholders that a price increase isn’t entirely off the table and suggested that the producer price structure, along with fees and margins for other stakeholders, could be reviewed when preparing for the 2025/26 cocoa season.
This decision comes amid Côte d’Ivoire’s price hike, aimed at raising farmer incomes and curbing cross-border smuggling. Historically, such price differences between the two countries have led to smuggling, particularly in border areas.
