Cocoa producer price rises to GH₵3,625 per bag

The government has announced a significant upward adjustment in the producer price of cocoa, raising the amount farmers earn per 64-kilogramme bag by GHS400 for the ongoing 2025/2026 crop season.

This adjustment is expected to put more income directly into the pockets of farmers at a time when global cocoa market dynamics remain volatile.

At the beginning of the current season, farmers were receiving GHS3,225 for a standard 64kg bag. With the new increment, the price has risen to GHS3,625, representing a 12.4 per cent increase.

This adjustment is expected to put more income directly into the pockets of farmers at a time when global cocoa market dynamics remain volatile.

Announcing the increment at an emergency press conference in Accra, Minister for Finance, Cassiel Ato Forson, said the review was the outcome of government’s forward-looking assessment and the work of the Producer Price Review Committee.

“This means that per every bag purchased, the cocoa farmer is getting GHS400 additional. Simply put, for every bag sold, the cocoa farmer will now receive GHS3,625. This is a direct injection of support to improve the livelihoods of our hardworking farmers,” the minister explained.

He further assured farmers that government will continue to monitor global price movements and make timely adjustments when necessary.

“Our responsibility is to ensure that the Ghanaian cocoa farmer is not disadvantaged in the global value chain. We will continue to review prices in line with international trends and the realities facing our farmers on the ground,” the Minister added.

Strong Start to the 2025/26 Season

The upward price review comes on the back of a strong start to the new cocoa season, which commenced in August, two months earlier than usual. According to Bloomberg,

Ghana’s cocoa deliveries to warehouses more than quadrupled in August compared to the same period last year, reaching 50,440 metric tonnes in just four weeks, up from about 11,000 tonnes in 2024.

The early start provided farmers with quicker access to cash and contributed to increased supply, easing pressure on the global market where prices had surged to record highs last year. This year, Ghana, the world’s second-largest cocoa producer, expects output to reach 650,000 metric tonnes, compared to 600,000 tonnes in the previous season.