Ghana’s Cocoa Board (COCOBOD) has announced that the producer price of cocoa will remain unchanged for the 2025/2026 crop season.
In a letter dated April 8, 2025, addressed to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD stated that the decision was reached after a comprehensive assessment of both operational and financial factors affecting the local cocoa sector.
“This decision comes after careful consideration of the operational and financial implications for the cocoa industry,” wrote Dr. James Kofi Kutoati, Acting Deputy Chief Executive for Operations.
The Board emphasized that maintaining the current price is part of broader efforts to ensure stability and long-term sustainability within Ghana’s cocoa industry.
At present, the producer price stands at GH₵3,100 per 64kg bag, reflecting a marginal increase of 0.03% from the rate set in September for the 2024/2025 season. On a per-tonne basis, this equates to GH₵49,600.
The price adjustment was initially introduced to better reflect global market conditions and offer more support to Ghanaian cocoa farmers.
COCOBOD also acknowledged recent changes in neighboring Côte d’Ivoire, which recently raised its cocoa producer price. While Ghana has opted for a price freeze for now, the Board hinted at a potential review of producer prices, fees, and margins for industry stakeholders later in the 2025/2026 season.
This development comes as both Ghana and Côte d’Ivoire—who collectively produce over 60% of the world’s cocoa—continue collaborating through their joint Cocoa Initiative, which aims to improve pricing coordination and safeguard the livelihoods of cocoa farmers.
