The Ministry of Finance has announced a significant increase in the Producer Price of cocoa for the 2024/2025 cocoa season, effective Friday, October 3, 2025. The decision was made following a meeting of the Producer Price Review Committee (PPRC), chaired by the Minister of Finance.
According to a statement issued by the Ministry and sighted by The Chronicle, the new producer price has been raised to GHS3,625 per bag, or GHS58,000 per tonne, marking a 12.27% increase from the previously announced price in August 2025.
On August 4, 2025, the government had initially set the producer price for the 2025/2026 cocoa season at GHS3,228.75 per bag and GHS51,660 (US$5,040)per tonne, representing 70% of the average Gross FoB price of US$7,200 per tonne. The revised price now adds approximately GHS400 per bag, offering a much-needed boost to cocoa farmers.
While the new pricing takes effect immediately, the Ministry emphasized that margins, fees, and rates for all other stakeholders, including COCOBOD, remain unchanged.
The Ministry further stated that COCOBOD will continue its interventions to support cocoa production and enhance farmer welfare. These measures include the distribution of free cocoa fertilizers (liquid and granular), insecticides, fungicides, spraying machines, and flower inducers to farmers across the country.
In addition, COCOBOD is on course to implement a Tertiary Education Scholarship Scheme for children of cocoa farmers, set to commence in the 2026/27 academic year.
The Ministry reaffirmed the government’s commitment to building a robust and resilient cocoa industry that ensures sustainable and optimal benefits for all stakeholders, particularly the hardworking cocoa farmers who form the backbone of the industry.
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