Ghana Announces Significant Increase in Cocoa Producer Price for 2025/2026 Season

Strategic Insights -

Ghana, the world's second-largest producer of cocoa, has announced a significant increase in the producer price for the upcoming 2025/2026 cocoa season. The new producer price of $5,040 per tonne represents a 62.58% increase in US dollar terms and aligns with President John Mahama's commitment to ensure cocoa farmers receive at least 70% of the gross Free-On-Board (FOB) value of $7,200 per tonne. The increase is expected to offer better returns to farmers and help stabilise rural economies in cocoa-growing regions across the country.

Key Takeaways:

  • The new producer price of $5,040 per tonne for the 2025/2026 cocoa season represents a 62.58% increase in US dollar terms, compared to the previous season's producer price of $3,100 per tonne.
  • The new price is 70% of the gross Free-On-Board (FOB) value of $7,200 per tonne, aligning with President John Mahama's commitment to cocoa farmers.
  • The producer price review committee and Minister for Finance, Dr. Cassiel Ato Forson, announced the decision via X on Monday, August 4, 2025.
  • The new producer price is expected to take effect from Thursday, August 7, 2025.
  • Compared to the 2024/2025 cocoa season, the new price is higher than the $4,850 per tonne FOB price set by the previous administration under the New Patriotic Party (NPP).
  • The current gross FOB value is derived using outstanding cocoa contracts and an average forecast for the 2025/2026 season.
  • At an average exchange rate of GHS10.25 to the US dollar, the new producer price moves from GHS49,600 per tonne to GHS51,660 per tonne, equivalent to GHS3,228.75 per 64-kilogram bag of cocoa beans.

Statistics:

  • New producer price: $5,040 per tonne (representing a 62.58% increase in US dollar terms)
  • Gross Free-On-Board (FOB) value: $7,200 per tonne
  • New producer price in local currency: GHS51,660 per tonne (equivalent to GHS3,228.75 per 64-kilogram bag of cocoa beans)
  • Previous producer price: $3,100 per tonne
  • Previous FOB price (2024/2025 season): $4,850 per tonne
  • Average exchange rate: GHS10.25 to the US dollar

Sources:

  • Ghana Web, August 4, 2025, "Ghana Announces Significant Increase in Cocoa Producer Price"