The Ghanaian government has announced an approved increase in the producer price of cocoa from US$3,100 to US$5,040 per tonne for the upcoming 2025/2026 season.
The announcement was made by Dr. Cassiel Ato Forson, the Minister for Finance, through a social media post on Monday, August 4, following a meeting he chaired with the Producer Price Review Committee (PPRC).
He stated that the new price will take effect from Thursday, August 7, 2025.
Dr. Ato Forson indicated that the new price represents a 62.58% increase in US dollar terms and aligns with President Mahama’s promise to ensure cocoa farmers receive 70% of the 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,” he stated.
The Minister, in comparing the new policy to that of the previous administration, stressed that the previous government (NPP) paid US$3,100 per tonne for the 2024/2025 season, against an FOB value of US$4,850 — amounting to just 63.9%.
Considering the exchange rate of GH¢10.25 to the US dollar, the increase means cocoa farmers will now receive GH¢51,660 per tonne or GH¢3,228.75 per 64-kilogramme bag of cocoa, the Finance Minister emphasized.
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