By: Deborah Amewoyi
As the new cocoa season is set to commence in August, the government is set to announce a new producer price for cocoa in the producer market.
This announcement was made after the technical committee set on deliberating on the producer price of cocoa in the market made its revelations to government.
From the above greenlight, media reports have clarified the the finance minister, Cassiel Ato Forson will detail out the new prices for cocoa in subsequent days latest by August 7, 2025.
A&CEmpireRadio understands that the 2025/2026 cocoa season would have commenced and the current pricing of cocoa on the producer market which stands at GH¢3,100 per kilogramme per bag and GH¢49,600 per tone will be adjusted foward with the finance minister’s announcement.
In February this year, Minister for Trades and Agriculture, Eric Opoku shared on facebook that the producer price for cocoa will be increased from the initial 60% to 70% on the global market. “To address this challenge, I announced the government’s decision to exceed the initial 60% proposal and offer cocoa farmers 70% of the world market price. This increase is intended to motivate farmers, boost production, and further cement Ghana’s standing as the world’s second-largest producer of cocoa.” he wrote.
However, this announcement sparked several controversies with the minister categorically crossing out any statement regarding a producer price increase in cocoa but president John Dramani Mahama earlier this month affirmed the Trades minister’s previous announcement call for a 70% increase in producer price of cocoa globally seeking to motivate farmers to produce more cocoa and generate more income for these farmers.
Critically, Chief Executive Officer of COCOBOD , Dr. Randy Abbey analysing the pros and cons this intended increment may pose revealed on JoyNews’ PM Express Business edition that “What we are seeing now is a situation where global prices are high, and that would normally translate into higher incomes for our farmers. But with the cedi appreciating sharply, the gains could be reduced when translated into Ghana cedi,”
In previous years, it was recorded that cocoa farmers left the fields and begun leasing their farms off to illegal miners due to low earnings received from cocoa production.
As it stands now, Ghana remains the second largest producer of cocoa globally.
