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Gov’t Raises Cocoa Producer Price to GHS3,625 Per Bag
The government has announced a new producer price for cocoa, raising it to GHS3,625 per bag or GHS58,000 per tonne, effective Friday, October 3, 2025.
This marks a 12.27% increase, equivalent to about GHS 400 more per bag, compared to the price set in August this year.
Finance Minister, who also doubles as the Acting Defence Minister, Hon. Cassiel Ato Forson, made the announcement in a Facebook post, stressing that the decision underscores the government’s commitment to improving the livelihoods of cocoa farmers while safeguarding the country’s economic backbone.
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Hon. Forson noted that margins, fees, and rates for all other stakeholders in the cocoa value chain remain unchanged, ensuring that the full benefits of the increment go directly to farmers.
He further disclosed that the Ghana Cocoa Board (COCOBOD) will intensify interventions to boost productivity and support farmer welfare.
These include the continued free supply of fertilisers (liquid and granular), insecticides, spraying machines, fungicides, and flower inducers to cocoa farmers nationwide.
In addition to direct farming support, COCOBOD is preparing to roll out a new Tertiary Education Scholarship Scheme for the children of cocoa farmers, beginning in the 2026/27 academic year.
The scholarship initiative, according to Hon. Forson, is part of a broader agenda to empower farming households and secure better futures for their children through access to higher education.
The minister emphasised that the government’s decision aligns with its pledge to make cocoa farming more rewarding, especially at a time when global price fluctuations and environmental challenges are affecting farmers’ earnings.
“Cocoa remains Ghana’s economic lifeline,” he wrote, “and this new price, coupled with targeted interventions, ensures our farmers reap fair rewards for their hard work.”
The latest increment is expected to ease financial pressures on cocoa-growing communities while stimulating national production and sustaining Ghana’s position as one of the world’s leading cocoa producers.
