The government has increased the producer price of cocoa to GH¢42,400 per tonne for the 2026/2027 crop season, up from GH¢41,392 recorded in the previous season.
The new price represents an increase of GH¢1,008 per tonne and translates into GH¢2,650 for a 64-kilogramme bag of cocoa.
Ghana Cocoa Board (COCOBOD) Chief Executive Ransford Abbey announced the new producer price in Accra on Friday, September 25, 2026, as he officially opened the 2026/2027 cocoa season.
According to Mr Abbey, the new price was agreed after consultations involving COCOBOD, the Ministry of Finance, cocoa farmers and other stakeholders in the cocoa industry.
These stakeholders included members of the Chamber of Cocoa Marketers, licensed buying companies, hauliers and processors.
The new producer price represents 71.18% of the realised gross free-on-board (FOB) price and comes under the newly enacted Ghana Cocoa Board Act, 2026.
The law guarantees cocoa farmers a minimum of 70% of the realised gross FOB price and forms part of reforms aimed at improving the financial and institutional sustainability of the cocoa sector.
Mr Abbey said the new Act also introduced a financing framework to support increased domestic processing and value addition, while preventing COCOBOD from undertaking quasi-fiscal activities.
Meanwhile, existing rates and fees for other players in the cocoa supply chain have been maintained. These include buyers’ margins, hauliers’ rates, warehousing and internal marketing costs, as well as charges for grading, sealing and disinfestation.
Beyond the price increase, COCOBOD will continue its productivity programmes aimed at reducing farmers’ production costs and improving yields.
