The New Patriotic Party (NPP) has challenged the government’s GH¢2,650 producer price for a 64-kilogramme bag of cocoa for the 2026/27 season, claiming the figure falls below the minimum required under the new Ghana Cocoa Board Act, 2026 (Act 1182).
The party said in a statement dated September 27 that the new price, announced on September 25, represents an increase of GH¢63, or 2.4%, over the GH¢2,587 paid at the end of the 2025/26 season.
Under Section 57 of Act 1182, the NPP noted that cocoa farmers must receive no less than 70% of the Gross Free-on-Board (FOB) price realised by COCOBOD for the season.
Although the government says the GH¢2,650 price represents 71.18% of the realised gross FOB value, the NPP has questioned the basis of that calculation.
The party said international cocoa prices had ranged between US$5,500 and more than US$6,000 per tonne over the past three months and questioned whether the US$400 Living Income Differential (LID) had been included.
Using a lower-bound price of US$5,500 plus the LID and an exchange rate of GH¢11.50 to the dollar, the NPP calculated the statutory minimum at GH¢2,968.44 per 64kg bag.
It therefore claims the announced price falls short by GH¢318.44 per bag.
The NPP is demanding that the government publish the full calculation behind the GH¢2,650 price, including the realised Gross FOB figures, forward-contract details, treatment of the LID and exchange rate used.
The party is also calling for the producer price to be reviewed upward.
“Seventy percent of the Gross FOB price, as the law prescribes, is not GH¢2,650,” the NPP said.
COCOBOD, however, has stated that the GH¢2,650 price represents 71.18% of the realised gross FOB value and was determined following consultations with key stakeholders in the cocoa sector
