The government has increased the producer price of cocoa at the farm gate from GH¢41,392 per tonne to GH¢42,400 per tonne for the 2026/2027 crop season.
The new price gives farmers a GH¢1,008 increase over the previous price. It also translates into GH¢2,650 for a 64-kilogramme bag of cocoa and represents 71.18 per cent of the realised gross free-on-board (FOB) price.
The Chief Executive of the Ghana Cocoa Board (COCOBOD),Randy Abbey, announced the new producer price in Accra last Friday and declared the 2026/2027 cocoa crop season open.
The new price was set under the newly enacted Ghana Cocoa Board Act, 2026 (Act 1182), which guarantees cocoa farmers a minimum of 70 per cent of the realised gross FOB price.
Existing rates and fees for other participants in the cocoa supply chain, including buyers’ margins, hauliers’ rates, warehousing and internal marketing costs, as well as charges for grading, sealing and disinfestation, have been maintained.
He said the new price had been agreed following consultations with COCOBOD, the Ministry of Finance, cocoa farmers and stakeholders represented by the Chamber of Cocoa Marketers, including licensed buying companies, haulage companies and processors.
