The Government of the Republic of Ghana has announced a significant increase in the producer price of cocoa for the 2025/2026 season, increasing the price from GHS3,228.75 to GHS3,625 per bag.
This accounts to a 12.27% increase and translates to GHS58,000 per metric ton, up from the earlier GHS51,660 per ton.
This decision came by during a meeting of the Producer Price Review Committee (PPRC), chaired by Minister for Finance, Dr. Cassiel Ato Forson, and comes after consultations with key stakeholders in the cocoa industry.
The new price will take effect on Friday, 3rd October 2025, and aims to improve the incomes and livelihoods of Ghana’s cocoa farmers.
“This increase of about GHS400 per bag reflects Government’s continued commitment to ensuring farmers receive fair value for their efforts, especially amid rising global cocoa prices,” the Minister stated.
The initial price, announced on August 4, 2025, was based on 70% of the average Free-on-Board (FoB) price of cocoa at US$7,200 per ton, which translated into GHS3,228.75 per bag. The revised price still aligns with the Government’s pledge to give farmers a substantial share of international market earnings.
Despite the price adjustment, all margins, fees, and rates for other stakeholders, including the Ghana Cocoa Board (COCOBOD), remain unchanged.
Dr. Ato Forson emphasized that Government remains steadfast in its commitment to building a “robust and resilient cocoa industry that provides sustainable and optimal benefits to all stakeholders.”