The government has announced a significant increase in the producer price of cocoa, raising it from US$3,100 per tonne to US$5,040 per tonne for the upcoming 2025/2026 cocoa season, which officially opens on Thursday, August 7, 2025.
The new price represents a 62.58% increase in US dollar terms and aligns with President John Mahama's commitment to ensure cocoa farmers receive at least 70% of the gross Free-On-Board (FOB) value, which stands at US$7,200 per tonne.
Announcing the decision via X on Monday August 4, 2025, the Chairman of the Producer Price Review Committee (PPRC) and Minister for Finance, Dr Cassiel Ato Forson, said the price hike was arrived at following deliberations by the PPRC and careful consideration of prevailing global market trends and domestic economic conditions. "Government has by this decision increased the producer price significantly by 62.58% in US dollar terms.
This also translates to 70% of the gross FOB value and is a fulfillment of President Mahama's promise to cocoa farmers," he stated.
