New Cocoa Prices and Farmer Benefits in Ghana

Ghana Producer Price Review Committee (PPRC) on Cocoa, which convened and decided on the new cocoa producer price.

New Cocoa Prices and Farmer Benefits in Ghana

The New Cocoa Producer prices and benefits for the farmer are as follows:

• The government of Ghana is pleased to announce an increase in the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne.
• This judgment has resulted in a large 62.58% increase in producer prices in US dollars.
• This producer price rise is in line with President Mahama's pledge to pay cocoa farmers 70% of the FOB price, which is equivalent to 70% of the gross Free-On-Board (FOB) value of $7,200 per container.
• The producer price of cocoa has increased from GHS49,600 per tonne to GHS51,660 per tonne, which the government is happy to announce.
• This also means that each bag of 64-kilogram gross weight cocoa costs GHS3,228.75.
• The government also declares that the new pricing will go into effect on Thursday, August 7, 2025.
• This reflects the government's commitment to raising the standard of living for our cocoa growers and comes after a strong Ghana cedi and falling inflation.
• The government has taken steps to maintain the Cedi equivalent of the US$3,100 per tonne at GHS16 to the US$1, translating to GHS49,600 per tonne.
• This measure by the government was to protect the cocoa farmer against the loss of income due to the strong performance of the cedi.
• By maintaining the price at GHS3,100 per bag for several months now amidst the strong performance of the Ghana cedi, the government has subsidized the cocoa farmer with an amount of GHS1,114 for each bag of cocoa sold since the second quarter of 2025.
• This intervention by the government moved the farmer share of the FOB from 63.9% to over 99%.

The Producer Price Review Committee has also approved rates, margins, and fees for all other stakeholders in the cocoa supply chain.

 These include:

• buyers’ margin
• haulers’ rate
• warehousing and internal marketing costs
• fees for disinfection
• grading and sealing, and,
• weighing scale inspection.

 

I'm happy to report that, starting with the 2025–2026 crop year, the free cocoa fertilizer program has been reinstated by President Mahama's administration as an extra aid to Ghanaian cocoa farmers.

Beginning this crop year, President Mahama’s administration will supply:

•  free cocoa fertilisers (both liquid and granular) ,
• free insecticides,
• free spraying machines,
• free fungicides, and
• free flower inducers to farmers.

 

The government aggressively encourages cocoa farmers to use these inputs only to increase cocoa yield and their profits.

 

It gives me great pleasure to inform cocoa farmers, ladies and gentlemen, that President Mahama has established a scholarship program for tertiary education for their offspring.

 

COCOBOD will roll out a Ghana Cocoa Traceability System. This system will ensure that cocoa produced in Ghana can be traced from a plot of land to a port of shipment.

 

This all-new system will ensure that Ghana is in full compliance with the due diligence requirements of the European Union Deforestation Regulations, which take effect on 31st December, 2025.

 

The Cocoa Traceability System places Ghana in a better position to supply cocoa that is traceable, deforestation-free, child labor-free, and compliant with EU regulations.

 

Beginning this year, COCOBOD will focus solely on its core mandate. This measure is to place COCOBOD firmly on the path of recovery and position COCOBOD to deliver critical services to the cocoa farmer and support the Ghanaian economy.

 

the Ghana Cocoa Board Act will be amended to make it illegal for COCOBOD to deviate or stray from its core mandate to protect the cocoa industry.

 

COCOBOD will no longer engage in quasi-fiscal activities. It will be a prohibition. COCOBOD must focus on increasing cocoa yields, improving the cocoa value chain and the well-being of the cocoa farmer.

 

Finally, the government reaffirms its confidence in the new leadership of COCOBOD to turn around the cocoa industry.

 

The government is also committed to providing the needed support to the Ghana Cocoa Board to enable it boost cocoa yields, sustain the cocoa industry, and reclaim its lost glory as the mainstay of Ghana’s economy.

Ghana Cocoa Board Address

Our Location

Cocoa House, 41 Kwame Nkrumah Avenue.

P.O. Box 933, Accra

Telephone

0302661877

0302667416

Email Us

public_affairs@cocobod.gh