The Ghana Cocoa Board (COCOBOD) has pushed back against reports that Ghanaian cocoa farmers are earning less than their counterparts in Côte d’Ivoire. In a press release issued on Wednesday, August 20, COCOBOD stated that Ghana pays the highest farmgate price in West Africa.
According to official figures, Ghana’s producer price is ₵3,228.75 per 64kg bag, which is equivalent to ₵51,660 per tonne or US$5,040 per metric tonne (MT). This is significantly higher than the price in Côte d’Ivoire, which is ₵2,553.38 per bag or ₵40,854 per tonne (US$3,886/MT).
The August 2025 Commodity Analysis Team report confirmed that Ghanaian farmers earn ₵675.38 (US$64.16) more per bag and ₵10,806 (US$1,154) more per tonne.
The Board emphasized that Ghana’s pricing strategy protects farmers from currency fluctuations and discourages smuggling. They added that this policy reflects their commitment to ensuring fair returns and reinforces Ghana’s position as a leader in the global cocoa industry.
Source: African Publicity
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