The Government of Ghana has approved a substantial rise in the producer price of cocoa for the upcoming 2025/2026 season. The price has been increased from US$3,100 to US$5,040 per tonne, marking a 62.58% increase in US dollar terms.
Finance Minister Dr. Cassiel Ato Forson announced the decision on Monday, August 4, 2025, via a social media post. The announcement followed a meeting of the Producer Price Review Committee (PPRC), which Dr. Forson chairs.
This increase is in line with President Mahama’s pledge to ensure that cocoa farmers receive 70% of the Free-On-Board (FOB) value, improving farmers’ earnings and incentivizing production. The Government of Ghana has approved a significant increase in the producer price of cocoa, raising it from US$3,100 to US$5,040 per tonne for the upcoming 2025/2026 season. This adjustment represents a 62.58% increase in US dollar terms and ensures that cocoa farmers receive 70% of the gross Free-On-Board (FOB) value of US$7,200 per tonne.
Finance Minister Dr. Cassiel Ato Forson announced the decision on Monday, August 4, 2025, following a meeting of the Producer Price Review Committee (PPRC), which he chairs. Speaking on the decision, Dr. Forson said:
“Government has by this decision increased the producer price significantly… representing 70% of the gross FOB value of $7,200 per tonne.”
He also compared the new policy to that of the previous administration, noting that the New Patriotic Party (NPP) government in the 2024/25 season paid producers US$3,100 per tonne against an FOB value of US$4,850, amounting to just 63.9% of the FOB value.
Dr. Forson explained that the current FOB value is based on a blend of contracts sold at $2,600 per tonne in the 2023/24 crop year and forward forecasts for the 2025/2026 season. With an average exchange rate of GH¢10.25 to the US dollar, the new producer price means cocoa farmers will receive GH¢51,660 per tonne, or GH¢3,228.75 per 64-kilogramme bag of cocoa. This increased rate will take effect starting Thursday, August 7, 2025.
