The government has announced a new producer price for cocoa, setting it at GH¢41,392 per tonne for the remainder of the 2025/2026 crop season in a move aimed at stabilising the sector and cushioning farmers against falling global prices.
Addressing the press in Accra, Finance Minister Dr Cassiel Ato Forson explained that the decision followed a significant downturn in international cocoa prices, which has created financial pressure within the sector.
According to him, “The world market price has dropped significantly from an average of 7,200 dollars per tonne to about 4,100 dollars per tonne, making Ghana’s cocoa beans uncompetitive and creating liquidity challenges.”
Dr Forson noted that the Producer Price Review Committee met under his chairmanship to assess the situation and determine an appropriate response for the remainder of the crop year.
“To address this, the Producer Price Review Committee met this afternoon under my chairmanship to assess the challenges facing the sector and review the producer price for the remainder of the 2025/2026 crop year,” he stated.
He added that the Committee recommended maintaining a strong income share for farmers despite the global downturn. “To cushion the farmer, the Committee has recommended that the farmer be paid 90 per cent of the achieved gross FOB price of 4,200 US dollars per tonne to mitigate the adverse impact of the fall in the world market price,” he said.
Dr Forson therefore announced that “effective today, Thursday, 12 February 2026, the new producer price for the remainder of the 2025/2026 crop season will now be GH¢41,392 per tonne and GH¢2,587 per bag.”
He emphasised that the measure was necessary to reflect prevailing global market realities while ensuring farmers are paid promptly.
“This measure has become necessary to reflect the reality of the world market price of cocoa, ensure the injection of immediate liquidity for expedited payment of farmers, and guarantee the sustainability of our cocoa sector,” he stressed.
The announcement comes at a time when Ghana’s cocoa industry is grappling with price volatility on the international market, raising concerns about farmer incomes and sector stability. The government maintains that the new pricing arrangement strikes a balance between market realities and farmer protection.
