The Minister of Finance, through a Facebook post, has announced the government’s decision to increase the producer price of cocoa, with farmers set to receive GH¢3,625 per bag of 64kg gross weight, equivalent to GH¢58,000 per tonne, effective October 3, 2025.
This represents a 12.27% increase over the initial price of GH¢3,228.75 per bag set in August, translating to an additional GH¢400 per bag.
Dr Cassiel Ato Forson reiterated the government’s commitment to supporting the cocoa sector and improving farmer welfare.
“The Government remains committed to supporting the Ghana Cocoa Board to build a robust and resilient cocoa industry that provides sustainable and optimal benefits to all stakeholders,” he added.
He further stated that COCOBOD will continue to support farmers and intensify the supply of critical farming inputs, including free fertilisers, insecticides, and spraying machines.
Additionally, the new Tertiary Education Scholarship Scheme for children of cocoa farmers is on track for implementation in the 2026/27 academic year.
Industry Reaction
Although the August increment was largely met with disappointment by small-scale farmers across the country, the Ghana Cocoa, Coffee, and Sheanut Farmers Association (COCOSHE) has welcomed the development and urged the timely delivery of inputs and transparency in pricing decisions.
According to the association, the new price will enable cocoa farmers to significantly benefit from their labour.
This is expected to reduce incentives for smuggling beans to neighbouring countries where prices are higher.
Sharp Rise In Cocoa Supply
Meanwhile, a Bloomberg report says Ghana’s cocoa deliveries to warehouses in August are more than four times higher compared to the same period last year, as an accelerated start to the season provided early cash to farmers, contributing to a supply increase that is helping cool global prices.
Ghana decided to start its cocoa season in August, two months ahead of the usual schedule, to support farmers who sell their crop at a government-set price.
Bloomberg stated that the arrivals of cocoa in the four weeks ending September 4, 2025, reached 50,440metric tons, compared to about 11,000 tons delivered during the same period in 2024.
