Government Increases Cocoa Price To GHS3,625 Per Bag

The Government of Ghana has announced a new producer price for cocoa, increasing it from GHS3,228.75 to GHS3,625 per bag for the 2025/2026 season.

This 12.27% increase means farmers will now earn GHS58,000 per metric tonne, up from GHS51,660. The decision was made by the Producer Price Review Committee (PPRC), chaired by Finance Minister Dr. Cassiel Ato Forson, after discussions with key stakeholders in the cocoa industry.

The new price takes effect from Friday, 3rd October 2025, and is meant to boost the income and welfare of cocoa farmers.

“This increase of about GHS400 per bag reflects Government’s commitment to giving farmers fair value for their hard work, especially as global cocoa prices rise,” Dr. Forson said.

The first price announcement on August 4, 2025, was based on 70% of the average Free-on-Board (FoB) price of cocoa, set at US$7,200 per tonne. The revised price continues to ensure that farmers get a fair share of earnings from the international market.

Margins, fees, and rates for other stakeholders such as the Ghana Cocoa Board (COCOBOD) remain unchanged.

Support for Farmers
COCOBOD will continue to roll out measures to support cocoa farmers, including:

Free fertilizers (liquid and granular)
Free insecticides, fungicides, flower inducers, and spraying machines
A new Tertiary Education Scholarship Scheme for cocoa farmers’ children, starting in the 2026/27 academic year

According to Dr. Forson, Government is determined to build “a strong and resilient cocoa industry that benefits all stakeholders.”

Government has decided to increase the producer price of cocoa to GHS3,625 per bag or GHS58,000 per tonne.

This represents an increase of about GHS400 per bag, equivalent to a 12.27% rise over the price announced in August.

The new price takes effect tomorrow, Friday, 3rd… pic.twitter.com/2wRrBIdqnv

— Cassiel Ato Forson (PhD) (@Cassielforson) October 2, 2025

Source: Citinews