A new producer price for the 2025–2026 cocoa season has been formally announced by the Ghana Cocoa Board (COCOBOD).
Reports state that as of Thursday, August 7, 2025, the new price for a bag of 64-kilogram gross weight cocoa will be GHS3,228.75.
Dedicated to Equitable Pricing
Dr Randy Abbey, CEO of COCOBOD, underlined the board’s dedication to making sure farmers get fair prices for their produce. He promised cocoa farmers that the new prices would be higher than those in neighbouring Ivory Coast, demonstrating the board’s commitment to raising farmers’ standard of living.
Elements That Impact Prices
However, Dr Abbey noted that the recent appreciation of the Ghanaian cedi against major currencies may impact the gains from the increased global cocoa prices. “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 Ghanaian cedi,” he explained.
Context and Background
Following the board’s efforts to address systemic issues facing the cocoa industry, this announcement was made. In areas where cocoa is grown, COCOBOD has been attempting to increase farmers’ income, stop the smuggling of cocoa, and deter illicit mining. The goal of the new pricing strategy is to increase cocoa farming’s profitability and appeal, especially to young people.
Previous Price Adjustments
COCOBOD announced a 45% increase in cocoa producer prices for the 2024–2025 season, setting the price at GHS48,000 per tonne or GHS3,000 per 64 kg bag. This represented a significant upward adjustment from the previous season’s price.
Effects on Farmers
The livelihoods of cocoa farmers are anticipated to improve as a result of the new producer price. Farmers have expressed relief and excitement about the price increment, which they believe will enhance their income and address key challenges facing the cocoa industry.
In conclusion
The Ghana Cocoa Board has shown its dedication to assisting cocoa farmers and enhancing the overall performance of the industry by announcing a new producer price for the 2025–2026 season. Ghanaian farmers can anticipate higher returns on their produce, as the new price is expected to exceed that of the Ivory Coast.
