The Ghana Cocoa Board (COCOBOD) has increased the producer price of cocoa to GH¢2,650 per 64-kilogramme bag for the 2026/27 cocoa season, up from the final price of GH¢2,587 per bag paid during the 2025/26 season.
The new price, which takes effect from Friday, September 25, 2026, represents an increase of GH¢63 per bag, equivalent to about 2.44%.
COCOBOD Chief Executive Officer Dr. Randy Abbey announced the new price at a press briefing on Friday as the country prepared for the opening of the 2026/27 cocoa season.
He said the producer price had been agreed following consultations with key stakeholders, including the Ministry of Finance, cocoa farmers, the Chamber of Cocoa Marketers, licensed buying companies, operators of licensed buying companies and cocoa processors.
“Cocoa Board and all key stakeholders, and here I refer to the Minister of Finance, our farmers, the Chamber of Cocoa Marketers, which comprises of licensed buying companies, OLES and processors, have approved that the producer price of cocoa be increased from 41,392 Ghana cedis per tonne to 42,400 Ghana cedis per tonne for the 2026-2027 cocoa season,” Dr. Abbey said.
The new rate translates into GH¢42,400 per tonne, with a tonne equivalent to 16 bags of 64 kilogrammes.
Dr. Abbey said the new producer price represented 71.18% of the realised gross Free-On-Board (FOB) value of cocoa.
The GH¢2,650 per-bag price compares with the GH¢2,587 per bag that applied during the 2025/26 season after COCOBOD revised the producer price in February 2026 in response to a decline in international cocoa prices. COCOBOD subsequently maintained the GH¢2,587 rate for the 2026 light crop season.
The 2025/26 season had initially opened with a producer price of GH¢3,228.75 per 64kg bag in August 2025 before being raised to GH¢3,625 in October 2025. The price was later reduced to GH¢2,587 per bag from February 2026 following a review of market conditions.
Dr. Abbey COCOBOD had made the necessary logistical arrangements to support the smooth commencement and conduct of the new cocoa season.
“As we prepare for the 2026-2027 crop season, we recognise the expectations of all stakeholders, particularly our cherished cocoa farmers.”
“Accordingly, the necessary logistics have been provided to support the smooth commencement and conduct of the 2026-2027 cocoa season,” he said.
