Ghana Raises Cocoa Producer Price 62% To $5,040 Per Tonne

Ghana has announced a significant increase in the producer price of cocoa for the 2025/2026 crop season, raising it from US$3,100 to US$5,040 per tonne, effective August 7, 2025. This 62.58% increase aligns with President John Dramani Mahama's commitment to pay cocoa farmers 70% of the gross Free-On-Board (FOB) value, which is set at US$7,200 per tonne. Finance Minister Cassiel Ato Forson explained that this new price translates to GHS51,660 per tonne or GHS3,228.75 per 64-kilogram bag, reflecting a 4.2% increase in local currency terms due to the appreciating Ghanaian cedi. The increase is expected to offer better returns to farmers and help stabilize rural economies. Comparatively, the previous government paid farmers 63.9% of the FOB value despite more favorable market prices. This price adjustment also positions Ghana’s cocoa prices competitively alongside other major producers like Ivory Coast.