Source: Africa Publicity
Ghana has increased its cocoa producer price from $3,100 to $5,040 per tonne for the 2025 / 2026 season.
The $5,040 per tonne price represents a 62.58 percent increase.
The price increment was made by Ghana’s Producer Price Review Committee (PPRC) chaired by the Minister for Agriculture, Eric Opoku.
PPRC took the decision ahead of the new cocoa season in the country which will begin on Thursday, August 7, 2025.
According to Mr. Opoku, “It is instructive to note that the Government has by this decision increased the producer price significantly by 62.58% in US$ terms.”
This new price represents 70% of the gross Free-On-Board (FOB) value of US$7,200 per tonne, aligning with President John Mahama’s promise to pay cocoa farmers 70% of the FOB price.
The FOB value of US$4,850 per tonne was set by the former government for the 2024/25 season and the producer price at US$3,100, which represented 63.9% of the FOB — despite better global market prices at the time.
According to Mr. Opoku, the new gross FOB value was calculated using outstanding contracts for 100,000 tonnes sold at US$2,600 per tonne in the 2023/2024 crop season, as well as forecasts for the upcoming season.
At an average exchange rate of GHS10.25 to US$1, the new producer price in cedi terms is GHS51,660 per tonne, up from GHS49,600, which translates to GHS3,228.75 per 64kg bag.
The Minister says “This is coming on the back of a strong Ghana Cedi and declining inflation, reflecting the Government’s commitment to improving the livelihoods of our cocoa farmers.”
