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The increase in the producer price represented 70 per cent of the gross Free-On-Board (FOB) value of USD 7,200 per tonne, and aligned with President Mahama’s promise to pay cocoa farmers 70 per cent of the FOB price.
The Ghana government has announced an increase in the producer price of cocoa from GH¢49,600 (US$3,100) per tonne to GH¢51,660 (USD 5,040) per tonne for the 2025-26 crop season, which begins on August 7, 2025. The producer price increased significantly by 62.58 % in dollar terms.
Dr Cassiel Ato Forson, the Minister for Finance, who chaired the Producer Price Review Committee, said the increase in the producer price represented 70 per cent of the gross Free-On-Board (FOB) value of USD 7,200 per tonne, and aligned with President Mahama’s promise to pay cocoa farmers 70 per cent of the FOB price.
He said it was significant to note that for the 2024-25 cocoa season, the previous NPP administration set an FOB value of USD 4,850 per tonne of cocoa, and the producer price at USD 3,100, representing 63.9 per cent of FOB, even though the world market price at the time was much better.
The Minister said the Gross FOB value was computed by using outstanding cocoa contracts of about 100,000 tonnes sold at USD 2,600 per tonne in the 2023-2024 crop season, and an average forecast for the 2025-26 crop season. He said this further translated to an amount of GH¢3,228.75 per bag of 64-kilogram gross weight of cocoa.
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The Minister said that since the second quarter of 2025, the Government had taken steps to maintain the cedi equivalent of the $3,100 per tonne at GH¢16 to the US$1, translating to GH¢49,600 per tonne. He said this measure by the government was to protect the cocoa farmer against the loss of income due to the strong performance of the cedi.
