Government has announced a reduction in the producer price of a 64-kilogram bag of cocoa from GHS 3,625 to GHS 2,587 for the remainder of the 2025/2026 cocoa season.
The decision, which takes immediate effect, marks a significant adjustment in Ghana’s cocoa pricing structure and is expected to have direct implications for thousands of cocoa farmers across the country.
Officials say the revision is part of broader measures to stabilise the cocoa sector amid global price fluctuations, financing constraints and ongoing structural reforms within the industry. Authorities argue that the adjustment reflects prevailing international market conditions and sustainability considerations within the cocoa value chain.
The reduction represents a substantial drop in farmgate earnings per bag, raising concerns among farmer groups and industry stakeholders about income stability and production incentives. Cocoa remains one of Ghana’s most critical export commodities, supporting rural livelihoods and contributing significantly to foreign exchange earnings.
Industry analysts note that producer price adjustments are typically influenced by global cocoa futures prices, exchange rate movements, syndicated loan arrangements and COCOBOD’s financial position. The announcement comes at a time when the cocoa sector is undergoing restructuring efforts aimed at improving efficiency and increasing local processing capacity.
Farmer associations are expected to engage government and the Ghana Cocoa Board (COCOBOD) for further clarification on the rationale behind the reduction and possible mitigation measures to cushion affected producers.
The new price will remain in effect for the rest of the 2025/2026 season unless further revisions are announced.
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