The government has announced a major increase in the producer price of cocoa for the 2025/2026 season, with farmers set to earn GH₵58,000 per tonne — a record adjustment aimed at boosting livelihoods, stabilizing the cocoa sector, and reinforcing Ghana’s position as the world’s second-largest cocoa exporter.
The decision was reached after a meeting of the Producer Price Review Committee (PPRC) on Cocoa, chaired by the Finance Minister, Dr. Cassiel Ato Forson.
The move is seen as a direct response to ongoing dialogues with key stakeholders in the cocoa sector. In a press release issued from the Ministry of Finance on Thursday, the government stated that the increase follows "extensive consultations with stakeholders."
This revision means a cocoa farmer will earn approximately GHS400 more for every bag of cocoa sold compared to the initial price set for the season. The August price was pegged at 70% of the average Gross Free-on-Board (FoB) price of US$7,200 per tonne.
The government has assured that the margins, fees, and rates for all other stakeholders, including the Ghana Cocoa Board (COCOBOD), will remain unchanged despite the price hike for farmers.
Beyond the price adjustment, a press release signed by the Minister of Finance, Dr Cassiel Ato Forson, outlined continued support for farmers. COCOBOD is set to intensify the supply of critical farming inputs, all provided for free. These include liquid and granular fertilisers, insecticides, spraying machines, fungicides, and flower inducers.
In a long-term commitment to farmer welfare, the release also confirmed that plans for a new Tertiary Education Scholarship Scheme for children of cocoa farmers remain on track, with implementation scheduled for the 2026/27 academic year.
"The Government remains committed to supporting the Ghana Cocoa Board to build a robust and resilient cocoa industry that provides sustainable and optimal benefits to all stakeholders," the release signed by Dr. Forson concluded.
