The Authorities of Ghana has introduced a major improve within the producer worth of cocoa for the 2025/2026 season. Efficient 7 August 2025, the worth will rise by 62.58%, shifting from $3,100 per tonne to $5,040 per tonne.
The announcement was made in an announcement dated Monday, 4 August, signed by the Minister for Finance, Dr Cassiel Ato Forson. Based on the assertion, the choice is pushed by the continued stability of the Ghanaian cedi and a gradual decline in inflation.
The brand new producer worth displays 70% of the gross Free-On-Board (FOB) worth of $7,200 per tonne, consistent with President Mahama’s dedication to make sure that cocoa farmers obtain 70% of the FOB worth.
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The assertion defined:
It’s important to notice that for the 2024/25 cocoa season, the earlier NPP administration set an FOB worth of US$4,850 per tonne of cocoa, and the producer worth at US$3,100, representing 63.9% of FOB, regardless that the world market worth on the time was a lot better.
It added:
The Gross FOB worth was arrived at utilizing excellent cocoa contracts of about 100,000 tonnes bought at US$2,600 per tonne within the 2023/2024 crop season, and common forecast for the 2025/2026 crop season.
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Utilizing a median change price of GHS10.25 to the US greenback for the 2025/2026 crop season, the brand new worth interprets to GHS51,660 per tonne, up from GHS49,600. This equates to GHS3,228.75 per 64-kilogram bag of cocoa (gross weight).
The Finance Minister added that this worth adjustment displays the federal government’s efforts to assist farmers amidst macroeconomic enhancements.
That is approaching the again of a powerful Ghana Cedi and declining inflation, reflecting Authorities’s dedication to enhancing the livelihoods of our cocoa farmers. For the reason that second quarter of 2025, Authorities has taken steps to take care of the Cedi equal of the US$3,100 per tonne at GHS16 to the US$1, translating to GHS49,600 per tonne.
The assertion clarified that this coverage was launched to cushion cocoa farmers from any earnings losses ensuing from the stronger efficiency of the native forex.
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By sustaining the worth at GHS3,100 per bag for a number of months now amidst the sturdy efficiency of the Ghana Cedi, Authorities has subsidised the cocoa farmer with an quantity of GHS1,114 for every bag of cocoa bought for the reason that second quarter of 2025.
The value adjustment is anticipated to deliver some reduction to farmers and demonstrates the administration’s effort to fulfil its promise of making certain a fairer share of worldwide market worth for Ghanaian cocoa producers.
