The Government of Ghana has announced a significant increase in the cocoa producer price for the 2025/2026 crop season, raising it from US$3,100 to US$5,040 per tonne, representing a 62.58% increase in dollar terms.
The new price was approved by the Producer Price Review Committee (PPRC), chaired by Agriculture Minister Eric Opoku, ahead of the season’s opening on Thursday, August 7, 2025. The decision follows extensive work by technical committees and consultations with key industry stakeholders.
In July, President John Mahama reaffirmed his government’s commitment to ensuring that cocoa farmers receive at least 70% of the world market price, describing it as a measure to uphold fairness and restore dignity to farmers across the country.
As of August 3, 2025, the global cocoa price stood at US$7,555 per tonne. By comparison, during the previous season under the New Patriotic Party (NPP) government, farmers were paid US$3,100, which equated to only 63.9% of the then FOB value of US$4,850, despite favorable global pricing.
The current gross FOB value is based on outstanding contracts for 100,000 tonnes sold at US$2,600 per tonne during the 2023/2024 season, along with projected pricing trends for the new season.
With an average exchange rate of GH₵10.25 to US$1, the updated price translates to GH₵51,660 per tonne or GH₵3,228.75 per 64kg bag, up from GH₵49,600.
The PPRC has also approved revised margins and fees for various stakeholders in the cocoa value chain, including licensed buying companies, hauliers, warehouse operators, and quality control services.
