The government has reduced the producer price of cocoa to GH¢41,392 per tonne and GH¢2,587 per bag for the remainder of the 2025/2026 crop season
The Minister for Finance, Dr Cassiel Ato Forson, has announced a reduction in the producer price of cocoa from GH₵3,625 to GH₵2,587 per bag for the remainder of the 2025/2026 crop season.
The farm gate price, which was selling at GH₵58,000, has been reduced to GH₵ 41,392 per tonne
Addressing a press conference on Thursday, February 12, after an emergency Cabinet meeting on Wednesday, Dr Ato Forson said the price cut was necessary due to a sharp drop in world market prices and Ghana’s cocoa becoming non-competitive.
“The world market price has dropped significantly from an average of $7,200 per ton to $4,100 per ton, making Ghana’s cocoa beans uncompetitive and creating liquidity challenges,” he explained.
He said the Producer Price Review Committee (PPRC), which met under his chairmanship, recommended that farmers be paid 90 percent of the achieved gross Free On Board (FOB) price of $4,200 per ton to cushion them.
“As a result, effective today, Thursday, 12 February 2026, the new producer price for the remainder of the 2025/2026 crop season will now be 41,392 Ghana cedis per ton and 2,587 Ghana cedis per bag,” he announced.
Dr Ato Forson said the measure is aimed at injecting immediate liquidity into the sector to expedite payments to farmers and ensure long-term sustainability.