Dr Cassiel Ato Forson, the finance minister, has announced that the government has approved the increase in the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne.
Ato Forson, in a post, wrote, “The Producer Price Review Committee (PPRC) on Cocoa, under my Chairmanship, met and agreed on the Producer Price of Cocoa for the 2025/2026 season, which opens on Thursday, 7th August 2025.
Subsequent to this meeting, Government is pleased to announce an increase in the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne!”.
The finance minister noted that the Government has, by this decision, increased the producer price significantly by 62.58% in US$ terms.
He added, “This increase in the producer price represents 70% of the gross Free-On-Board (FOB) value of $7,200 per tonne, and aligns with President Mahama’s promise to pay cocoa farmers 70% of the FOB price.
It is significant to note that for the 2024/25 cocoa season, the previous NPP administration set an FOB value of US$4,850 per tonne of cocoa, and the producer price at US$3,100, representing 63.9% of FOB, even though the world market price at the time was much better”.
His statement on X added that the Gross FOB value was arrived at using outstanding cocoa contracts of about 100,000 tonnes sold at US$2,600 per tonne in the 2023/2024 crop season, and an average forecast for the 2025/2026 crop season.
Ato Forson asserted that an average exchange rate of GHS10.25 to the US Dollar for the 2025/2026 crop season, revealing that “the Government is pleased to announce an increase in the producer price of cocoa from GHS49,600 per tonne to GHS51,660 per tonne”.
“This further translates to an amount of GHS3,228.75 per bag of 64-kilogram gross weight of cocoa”, he added.
He further announced that the new prices take effect from Thursday, 7th August 2025.
Ghana Cocoa Board CEO Dr Randy Abbey had earlier revealed some months ago announced that a new cocoa producer price will be revealed in August 2025, surpassing the Ivory Coast’s price.
CEO Dr Randy Abbey stated, “President John Mahama, the desire he has is that farmers must have profits, but we must also let you know the truth.
What I can tell you is that the president this year season will be open in August 2025, 2026, and we are going to give a new producer price, and the new producer price will be more than that of the Ivory Coast”, he added.
However, Dr Randy Abbey, in a recent interview, noted that the recent appreciation of the cedi diminished the rise of the cocoa price per ton, which is set to rise substantially.
“What we are seeing now is a situation where global prices are high, and that would normally translate into higher incomes for our farmers. But with the cedi appreciating sharply, the gains could be reduced when translated into Ghana cedi”, he added.
See the post below:
The Producer Price Review Committee (PPRC) on Cocoa, under my Chairmanship met and agreed on the Producer Price of Cocoa for the 2025/2026 season, which opens on Thursday, 7th August 2025.
— Cassiel Ato Forson (PhD) (@Cassielforson) August 4, 2025
Subsequent to this meeting, Government is pleased to announce an increase in the producer…