Ghana’s Cocoa Export Earnings Triple to $1.8 Billion in Early 2025 — Bank of Ghana
Major boost from global prices and improved production drives growth
Ghana’s cocoa export earnings have surged to $1.8 billion within the first four months of 2025, more than tripling the $579 million recorded during the same period in 2024. This remarkable increase was highlighted in the Bank of Ghana’s latest summary of economic and financial data.
According to the central bank, the 210% year-on-year growth in cocoa export revenue is largely attributed to favourable international cocoa prices, improved yields, and better crop management practices adopted by local farmers.
Cocoa Sector Reaps Benefits of Global Supply Shortage
The global cocoa market has seen a sharp rise in prices in 2025, driven by production challenges in major producing countries like Ivory Coast and Ghana. In response, Ghanaian exporters have taken advantage of the tight supply conditions to ramp up exports at premium prices.
Experts also point to ongoing sector reforms, including the government’s Living Income Differential (LID) initiative and increased investment in disease-resistant cocoa seedlings, as major contributors to the sector’s performance.
This development offers a crucial boost to Ghana’s economy, especially as the country looks to diversify export earnings and stabilise the cedi amid persistent fiscal challenges.
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