In a move to shield farmers from the impact of declining international cocoa prices, the government has set a new producer price of GH¢41,392 per tonne for the remainder of the 2025/2026 crop season. This translates to GH¢2,587 per bag and takes effect from today, Thursday, February 12.
Finance Minister Dr. Cassiel Ato Forson explained that the decision comes in response to significant shifts in the global cocoa market. “The world market price has dropped significantly from an average of 7,200 dollars per tonne to about 4,100 dollars per tonne, making Ghana’s cocoa beans uncompetitive and creating liquidity challenges,” he said.
To address these challenges, the Producer Price Review Committee (PPRC) convened under Dr. Forson’s leadership to assess the situation and propose a solution that protects farmers’ incomes. “In order to cushion the farmer, the Committee has recommended that the farmer be paid 90 per cent of the achieved gross FOB price of 4,200 US dollars per tonne to mitigate the adverse impact of the fall in the world market price,” Dr. Forson added.
He further announced that “effective today, Thursday, 12 February 2026, the new producer price for the remainder of the 2025/2026 crop season will now be GH¢41,392 per tonne and GH¢2,587 per bag.”
Dr. Forson emphasized that the revision is essential not only to align with international market realities but also to ensure immediate liquidity for farmers. “This measure has become necessary to reflect the reality of the world market price of cocoa, ensure the injection of immediate liquidity for expedited payment of farmers, and guarantee the sustainability of our cocoa sector,” he stated.
The adjustment comes as part of the government’s broader effort to maintain the competitiveness of Ghana’s cocoa on the global stage while safeguarding the livelihoods of farmers who form the backbone of the country’s cocoa industry.
