Government has announced a significant 62.58% increase in the producer price of cocoa, raising it from US$3,100 to US$5,040 per tonne for the 2025/2026 cocoa season, which officially opens on Thursday, August 7, 2025.
The new price was agreed upon by the Producer Price Review Committee (PPRC), chaired by Dr. Cassiel Ato Forson, the Minister for Finance.
The increase represents 70% of the gross Free-On-Board (FOB) value of US$7,200 per tonne, in line with President John Dramani Mahama’s commitment to ensuring cocoa farmers receive at least 70% of the FOB price.
According to Dr. Forson, this marks a significant policy shift from the previous administration, which during the 2024/2025 season, set the FOB at US$4,850 and the producer price at US$3,100, equivalent to just 63.9% of the FOB, despite more favourable global market conditions at the time.
The new gross FOB value was calculated using a mix of 100,000 tonnes of cocoa sold at US$2,600 per tonne from the 2023/2024 season, and the projected average price for the upcoming season.
Based on an average exchange rate of GHS10.25 to the US dollar, the updated price translates to GHS51,660 per tonne, up from GHS49,600, and GHS3,228.75 per 64-kg bag of cocoa.
Government says the new price structure will take effect from August 7, 2025, and underscores its commitment to improving the livelihoods of cocoa farmers.
Source: Myxyzonline.com
