Govt Reduces Cocoa Prices
The government of Ghana has announced a reduction in the prices of farmgate cocoa for the rest of the 2025/26 crop year.
The beans will now be sold at GHS41,392.00 per tonne and GHS2,587.00 per bag following a review by the Producer Price Review Committee (PPRC) after assessing the challenges facing the sector.
This is a reduction from GHS3,228.75 per bag and GHS51,660 per tonne which took effect in October 2025.
At a presser on February 12, 2026, the Minister for Finance, Cassiel Ato Forson, said the review in prices had become necessary due to a drop in the world market price of cocoa from an average of US$7,200 per tonne to US$4,100 per tonne, which has made Ghana’s cocoa beans uncompetitive and created liquidity challenges.
“In order to cushion the farmer, the PPRC has recommended that the farmers be paid 90% of the achieved gross FOB of US$4,200.00 to mitigate the adverse impact on the farmer as a result of the fall in the world market price.”
“This measure has become necessary to reflect the reality of the world market price of cocoa, ensure the injection of immediate liquidity for expedited payment of farmers and guarantee the sustainability of the sector,” he justified.
2025/26 Cocoa Price
“The decision by the PPRC to increase the producer price of cocoa made Ghana’s farmgate price competitive and stemmed the potential smuggling of Ghana’s crop.”
Story by Hajara Fuseini
Click to read more: https://opemsuo.com/author/hajara-fuseini/
