The government has approved a significant increase in the producer price of cocoa, raising it from US$3,100 to US$5,040 per tonne for the upcoming 2025/2026 season.
The announcement was made by Finance Minister Dr Cassiel Ato Forson via a social media post on Monday, August 4, following a meeting of the Producer Price Review Committee (PPRC), which he chairs.
Dr Forson explained that the new price represents a 62.58 per cent increase in US dollar terms and aligns with President Mahama's pledge to ensure cocoa farmers receive 70 per cent of the Free-On-Board (FOB) value. "Government has by this decision increased the producer price significantly… representing 70% of the gross FOB value of $7,200 per tonne," he stated.
Comparing the new policy with that of the previous administration, the Minister noted that the NPP government in the 2024/25 season paid US$3,100 per tonne against an FOB value of US$4,850 - amounting to just 63.9 per cent.
