Accra: The Government of Ghana, through the Ministry of Finance, has announced the new producer price for the remainder of the 2025/2026 cocoa season. Speaking at a press briefing in Accra on February 12, 2026, the Minister of Finance, Dr. Cassiel Ato Forson, revealed that the new cocoa producer price has been set at GHS41,392 per tonne, equivalent to GHS2,587 per 64-kilogram bag.
According to Ghana Web, this announcement comes as a response to the sustained decline in cocoa prices on the world market. Previously, the cocoa farmgate price was GHS3,625 per bag, but the reduction reflects the government's effort to align with global market conditions while ensuring local farmers remain motivated. The new pricing is part of broader reforms targeting increased value addition and industry stabilization.
The 2025/26 cocoa season, which began in August 2025, initially set the producer price at GHS51,660 per tonne, corresponding to 70% of the world market price of US$7,200 per tonne. The pricing was based on an exchange rate of GHS10.25 to the US dollar. However, challenges arose when C´te d'Ivoire set its cocoa price 20% higher than Ghana's on October 1, 2025, prompting concerns about potential cocoa smuggling across the border.
In response, the Producer Price Review Committee (PPRC) intervened by raising Ghana's cocoa price to GHS58,000 per tonne, using an exchange rate of GHS11.5 to the dollar. This adjustment aimed to make Ghana's farmgate price competitive and mitigate smuggling risks.
Despite these efforts, the global cocoa price began to decline from October 2025 onwards. The Ghana COCOBOD continued selling cocoa until prices fell below US$6,400 per tonne, marking the threshold cost for transporting cocoa from farms to the port.