Cocoa Farmers Reject New Producer Price as Inadequate

Local cocoa farmers have expressed dissatisfaction with the government’s newly announced producer price for the 2025/2026 season, describing it as inadequate and falling short of their expectations.

The government on Monday approved a significant increase in the producer price, raising it from US$3,100 to US$5,040 per tonne, effective Thursday, August 7, 2025. Using the prevailing average exchange rate of GH¢10.25 to the US dollar, the new price translates to GH¢51,660 per tonne or GH¢3,228.75 per 64‑kilogramme bag.

Finance Minister Dr. Cassiel Ato Forson, who announced the increment, explained that it represents a 62.58% increase in dollar terms and delivers on President John Mahama’s pledge to ensure cocoa farmers receive 70% of the Free‑On‑Board (FOB) value.

But in an interview, the President of the Mankrong Cocoa Cooperative Farmers Association, Francis Teinor, said the figure still falls short of farmers’ expectations.