Hot SourceFinance Minister Cassiel Ato Forson has announced a GHC400 increase in the producer price of cocoa, raising the price from GHC3,225 to GHC3,625 per bag.
This adjustment, equivalent to GHC58,000 per tonne, is expected to bring relief to thousands of cocoa farmers across the country.
The increment, announced by the Minister of Finance, Cassiel Ato Forson, on 2 October 2025, represents a 12.27% rise compared with the price announced in August this year. The new rate takes effect tomorrow, Friday, 3 October 2025.
Ato Forson stressed that while margins, fees and rates to other stakeholders remain unchanged, the government is committed to ensuring cocoa farmers get fairer returns for their hard work. He explained that the new price adjustment forms part of broader efforts to safeguard the welfare of cocoa farmers and ensure that the country’s cocoa sector remains competitive on the global market.
He added that COCOBOD will continue to implement interventions to support farmers and boost productivity. These include the supply of free liquid and granular fertilizers, free insecticides, spraying machines, fungicides, and flower inducers.
Additionally, he confirmed that COCOBOD remains on track to roll out the new Tertiary Education Scholarship Scheme for children of cocoa farmers beginning in the 2026/27 academic year.
The GHC400 increment comes at a time when farmers have been pushing for higher producer prices to match rising costs of living and input prices and is expected to bolster confidence in Ghana’s cocoa sector.
The adjustment is expected to provide relief for cocoa farmers, who have long advocated for fairer returns amid rising costs of living and input prices.
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