The Young Cocoa Farmers Association has expressed shock over the GH¢63 increase in the producer price of cocoa for the 2026/2027 crop season.
In a press statement issued on September 27, 2026, and signed by Executive Secretary, Madam Adwoa Mensah and Convener, Martin Adu, the Association said while it accepts the new price for the season, it does not meet their expectations.
“Our expectation was for a price that adequately reflects the rising cost of cocoa production,” the statement said.
The producer price has been increased from GH¢2,587 to GH¢2,650 per 64kg bag.
According to the Association, the increment is insignificant in the face of the rising cost of production, including labour, fertiliser, chemicals, transportation and farm maintenance.
“Our position has always been clear, farmers deserve a fair and meaningful price, supported by a financing model that guarantees prompt payment,” it stated.
The Association noted that if Ghana is to attract young people into cocoa farming and encourage existing farmers to remain in the sector, the returns on investment, labour and resources must be meaningful.
“Ultimately, the true test of the new price will be whether farmers can produce cocoa, make a reasonable profit, receive payment promptly and have the zeal to invest in the next crop,” it added.
It said the marginal increase does little to improve the economic position of cocoa farmers and does not provide the incentive needed to encourage young Ghanaians to see cocoa farming as a serious and profitable business.
“Cocoa farming must be treated as a serious business, not merely a tradition,” the statement stressed.
The Association also expressed gratitude to the leadership of Parliament and the entire membership of the House for their intervention following its earlier call for the timely commencement of the 2026/2027 cocoa purchasing season.
“As young cocoa farmers, we remain committed to the future of Ghana’s cocoa industry,” it said.
A Business Desk Report