Hot SourceIn a landmark move to support cocoa farmers and promote sustainability, the Ghanaian government has announced a significant increase in the cocoa producer price for the 2025-26 season.
The new price, set at US$5,040 per ton, marks a dramatic rise from the previous rate of US$3,100 per ton, setting a historic benchmark for the industry.
The decision has been lauded by the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), which praised Ghana’s commitment to creating a fairer and more resilient cocoa economy.
In a press statement released on Tuesday, the CIGCI highlighted the collaborative efforts between Ghana and Côte d’Ivoire—two nations responsible for over 60% of global cocoa production—to align policies that ensure better prices, market transparency, and equitable value distribution for farmers.
Alex Assanvo, Executive Secretary of the CIGCI, emphasized the importance of fair pricing as the cornerstone of a sustainable sector.
“Since 2019, amid a volatile cocoa economy with market prices often below production costs, Ghana and Côte d’Ivoire have worked tirelessly to address systemic market failures,” he stated.
“This price increase is a milestone in our shared vision to transform the industry into one that is environmentally sound, economically viable, and socially just.”
The initiative reflects a broader ambition to make cocoa the world’s first truly sustainable commodity. By ensuring profitability for farmers—the backbone of the supply chain—the move aims to foster long-term stability in the sector.
The CIGCI noted that the level of cooperation between Ghana and Côte d’Ivoire is unparalleled in Africa’s agricultural history.
Over the past four years, the two nations have harmonized strategies to combat exploitative pricing and improve livelihoods for producers. This latest announcement underscores their unwavering dedication to these goals.
The Ghana Cocoa Board (COCOBOD) has been commended for its bold leadership in implementing the price hike. Stakeholders hope this decision will set a precedent for other cocoa-producing regions, encouraging global efforts to prioritize farmer welfare and sustainability.
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