The government has announced a fresh increase in the producer price of cocoa, setting the new rate at GH¢3,625 per 64-kilogramme bag, equivalent to GH¢58,000 per tonne.
The new price, which takes effect from Friday, October 3, 2025, represents a GH¢400 increase per bag, or 12.27%, over the figure announced just two months ago in August.
In August, the government raised the producer price to GH¢3,225 per bag (GH¢51,600 per tonne), citing favourable market conditions and the need to cushion farmers against rising costs of production.
That increase, which was widely welcomed by cocoa farmers, marked one of the steepest hikes in recent years.
With the October adjustment, the producer price now stands at its highest level ever, signalling the government’s commitment to improving the livelihoods of cocoa farmers, who form the backbone of the country’s agricultural economy.
Stakeholder margins unchanged
In announcing the new price, the government noted that margins, fees, and rates to other stakeholders in the cocoa value chain—including licensed buying companies and hauliers—will remain unchanged.
The Ghana Cocoa Board (COCOBOD) assured that it would continue to implement interventions aimed at boosting productivity and improving farmer welfare.
These include the intensified supply of free cocoa fertilisers (both liquid and granular), insecticides, spraying machines, fungicides, and flower inducers to farmers across the cocoa-growing regions.
Support for farmers’ families
COCOBOD also reaffirmed its commitment to roll out a Tertiary Education Scholarship Scheme for children of cocoa farmers beginning in the 2026/27 academic year.
The scheme, it said, is intended to ease the financial burden on farming families while ensuring that the next generation of Ghanaians from cocoa-growing communities has greater access to higher education.
Securing farmers’ welfare
The double price hike within two months is expected to significantly increase incomes for Ghana’s estimated 800,000 cocoa farmers.
It also comes at a time when international cocoa prices have been volatile, with global demand continuing to outstrip supply.
Government officials say the move is part of a broader strategy to ensure cocoa farming remains profitable and attractive, especially for the younger generation.
“Cocoa farmers are the foundation of Ghana’s economic story,” one source at the Ministry of Food and Agriculture said.
“This increase is both a recognition of their contribution and a necessary step to secure their welfare.”
With the new price in effect, Ghanaian cocoa farmers are likely to see improved earnings for the coming crop season, though much will depend on how global cocoa markets perform in the months ahead.
