The government has announced a 12 percent increase in the producer price of cocoa, raising the rate from GH¢3,225 to GH¢3,625 per 64-kilogram bag.
The adjustment, which takes effect today, October 3, 2025, also translates to GH¢58,000 per tonne.
The new price represents a GH¢400 increase per bag compared to the previous figure announced in August this year.
The Minister of Finance, Dr. Cassiel Ato Forson, who made the announcement at an emergency press briefing in Accra yesterday, said the review was necessary to improve the welfare of farmers and reflects adjustments in government’s revenue forecast.
“This means that for every bag sold, the cocoa farmer will now earn an additional GH¢400,” Dr. Forson explained, adding, “Government remains committed to monitoring international market trends and taking timely decisions to safeguard the interest of farmers.”
He confirmed that all existing margins, fees, and rates for stakeholders, including COCOBOD, remain unchanged.
The Minister said COCOBOD will, however, continue interventions aimed at sustaining production and improving farmer livelihoods.
These include the free distribution of inputs such as liquid and granular fertilisers, insecticides, fungicides, spraying machines, and flower inducers.
The minister also reaffirmed COCOBOD’s pledge to roll out the Tertiary Education Scholarship Scheme for children of cocoa farmers in the 2026/27 academic year, part of efforts to extend the benefits of cocoa revenue to farm households.
By Ernest Kofi Adu