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The Ghana Cocoa Board (COCOBOD) has announced that the producer price of cocoa will remain unchanged for the 2025/2026 season.
This is despite regional price adjustments and ongoing market volatility.
In a letter dated April 8, addressed to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD stated that the decision was based on a comprehensive evaluation of the operational and financial outlook for the cocoa industry.
“This decision comes after careful consideration of the operational and financial implications for the cocoa industry,” said Dr. James Kofi Kutoati, Acting Deputy Chief Executive, Operations.
Currently, the producer price of cocoa in Ghana stands at GH₵3,100 per 64kg bag, equating to GH₵49,600 per tonne. This figure reflects a marginal increase of 0.03% from the previous price announced in September for the 2024/2025 crop season.
COCOBOD stressed that the move aims to ensure price stability and promote long-term sustainability in the cocoa value chain, while also aligning with current global market conditions to support cocoa farmers.
Although neighboring Côte d’Ivoire recently announced a producer price increase, Ghana has opted to maintain its rate for now.
However, COCOBOD noted that a review of producer prices, fees, and margins for stakeholders is possible during the upcoming season.
source: myjoyonline.com
Yaw Boagyan
Rafiq Adam
