The Authorities has introduced a major improve within the producer worth of cocoa forward of the 2025/2026 crop season, which opens on Thursday, August 7, 2025.
In accordance with the Minister for Finance, Mr. Cassiel Ato Forson, the brand new worth has been reviewed upwards from US$3,100 per tonne to US$5,040 per tonne.
He said that it represents a 62.58% improve in greenback phrases and aligns with President John Dramani Mahama’s dedication to pay cocoa farmers 70% of the gross Free-On-Board (FOB) worth of cocoa.
Mr. Forson, who chairs the Producer Worth Overview Committee (PPRC), mentioned the choice adopted a committee assembly to overview pricing for the upcoming season.
He defined that the $5,040 per tonne determine represents precisely 70% of the gross FOB worth of US$7,200 per tonne, an enchancment over the earlier authorities’s 63.9% cost to farmers beneath the 2024/25 season.
He famous that the FOB worth was calculated utilizing about 100,000 tonnes of cocoa bought at US$2,600 per tonne within the 2023/2024 crop 12 months, coupled with worth forecasts for the 2025/2026 season.
He added that at a median change charge of GHS10.25 to the US greenback, the rise additionally impacts the Ghana cedi equal of cocoa costs.
Mr Forson indicated that farmers will now obtain GHS51,660 per tonne, up from GHS49,600. This interprets to GHS3,228.75 per bag of 64-kilogram gross weight.
The brand new pricing regime takes impact from Thursday, August 7, 2025.
By: Jacob. Aggrey
