The Finance Minister, Dr. Cassiel Ato Forson, has announced a significant upward adjustment in the producer price of cocoa for the 2025/2026 season.
The decision was reached after a comprehensive meeting of the Committee ahead of the official opening of the new cocoa season on Thursday, August 7, 2025.
Producer Price Rises from US$3,100 to US$5,040 per Tonne
Following deliberations, the Government has approved an increase in the producer price of cocoa from US$3,100 to US$5,040 per tonne, marking a substantial 62.58% increase in dollar terms.
This new rate represents 70% of the gross Free-On-Board (FOB) value of US$7,200 per tonne, in line with President John Dramani Mahama’s promise to cocoa farmers to peg the producer price at 70% of the FOB price.
Comparison with previous administration
For context, during the 2024/2025 cocoa season, the previous NPP administration set the FOB value at US$4,850 per tonne and offered cocoa farmers a producer price of US$3,100, which translated to 63.9% of the FOB price, despite better world market conditions at the time.
Basis for the new FOB value
The new gross FOB value was calculated using a combination of outstanding cocoa contracts—about 100,000 tonnes sold at US$2,600 per tonne during the 2023/2024 crop season and an average forecast for the upcoming 2025/2026 crop season.
Local currency equivalent
Using an average exchange rate of GHS10.25 to the US Dollar, the new producer price in local terms will rise from GHS49,600 per tonne to GHS51,660 per tonne. This translates to GHS3,228.75 per 64-kilogram bag (gross weight).
Effective date
Government affirms that this new price takes effect from Thursday, 7th August 2025, and reiterates its commitment to the welfare of cocoa farmers and the sustainability of Ghana’s cocoa sector.
