Ghana Raises Cocoa Price to GHS 3,228.75 per Bag
The Government of Ghana has announced a new producer price for cocoa, increasing it from GHS 3,100 to GHS 3,228.75 per 64-kilogram bag. This represents a marginal increment of GHS 128.75, despite significant gains in global cocoa prices.
The new price takes effect on August 7, 2025, and is part of efforts to ensure cocoa farmers receive 70% of the gross Free-On-Board (FOB) value, as promised under the government’s cocoa pricing policy. The dollar value of cocoa has surged to US $5,040 per tonne, up from US $3,100, but the strengthening of the Ghana cedi has reduced the impact of this rise when converted into local currency.
While the increase may seem substantial in dollar terms—a 62.6% jump—the actual benefit to farmers in Ghana is limited due to currency appreciation. Many farmers and stakeholders believe the increment does not reflect the true value of their produce, especially in comparison to neighboring countries like Côte d’Ivoire, which have offered higher local prices.
With Ghana’s cocoa sector also facing challenges such as smuggling and rising production costs, the modest price adjustment is unlikely to significantly improve farmer livelihoods in the short term.
