The government has announced an upward adjustment of the producer price of cocoa for the 2025/26 season.
Finance Minister Dr. Cassiel Ato Forson, who disclosed the review on Thursday, said the price per 64kg bag has been increased from GH¢3,225 to GH¢3,625.
According to him, the move reflects President John Mahama’s commitment to ensuring cocoa farmers receive a greater share of global market earnings.
“The GH¢3,225 producer price represented about 70% of the international market price and was based on earlier forecasts of global cocoa prices and exchange rates. However, given recent changes, it became necessary to revise the price upwards,” Dr. Forson explained.
He added that the new rate, which takes effect from Friday, October 3, 2025, will give farmers an additional GH¢400 for every 64kg bag sold.
Dr. Forson further assured that government will continue introducing policies and interventions to improve the welfare of cocoa farmers.
He also revealed that children of cocoa farmers will soon benefit from scholarships for tertiary education.
