The government has announced a sharp rise in the producer price of cocoa, increasing it from US$3,100 to US$5,040 per tonne for the 2025/26 season.
Finance Minister Dr Cassiel Ato Forson made the announcement on Monday, 4 August, in a social media post following a meeting of the Producer Price Review Committee (PPRC), which he chairs.
He said the new price — a 62.6% increase — fulfils President Mahama’s commitment to ensure cocoa farmers receive 70% of the commodity’s Free-On-Board (FOB) value.
“Government has by this decision increased the producer price significantly… representing 70% of the gross FOB value of $7,200 per tonne,” Dr Forson said.
He contrasted the move with the previous administration, noting that in the 2024/25 season the NPP government paid US$3,100 per tonne against an FOB value of US$4,850 — about 63.9%.
The current FOB value, he explained, is based on a mix of contracts sold at $2,600 per tonne during the 2023/24 crop year and forward price forecasts for 2025/26.
With an average exchange rate of GH¢10.25 to the dollar, the new rate means cocoa farmers will receive GH¢51,660 per tonne, or GH¢3,228.75 per 64kg bag.
The new price takes effect on Thursday, 7 August 2025.
