The Producer Price Review Committee (PPRC) has announced a modest increase in the producer price of cocoa to GHS3,228.75 per 64kg bag for the 2025/2026 season, building on the significant gains made under the NPP government between 2021 and 2025. The new price—equivalent to GHS51,660 per tonne—takes effect on Thursday, August 7, 2025.
This latest increase comes on the back of the Akufo-Addo government’s transformational pricing policy for cocoa farmers, which saw the price of a bag of cocoa rise from GHS660 in 2021/22 to GHS3,100 in 2024/25—an unprecedented 370% increase over four seasons.
During the 2024/2025 season, the NPP administration set the producer price at GHS3,100, representing 63.9% of the Free-On-Board (FOB) value—a clear indication of the government’s commitment to improving farmer livelihoods, even when global cocoa prices were comparatively modest.
The 2025/2026 price announcement reflects continued efforts to support the sector, with the new price translating to US$5,040 per tonne, a 62.58% jump in dollar terms over the previous year’s US$3,100. The FOB value for the season has been pegged at US$7,200, aligning with ongoing policy discussions about ensuring farmers receive at least 70% of export value.
While the 4.15% increase in cedi terms from last year’s price may appear modest, it follows a period of rapid gains and reflects prevailing exchange rates, now averaging GHS10.25 to US$1.
Historical Cocoa Bag Price Trends (64kg bag):
- 2021/22: GHS660 (+28.15%)
- 2022/23: GHS800 (+21.21%)
- 2023/24: GHS1,380 (+72.5%)
- 2024/25: GHS3,100 (+124.6%)
- 2025/26: GHS3,228.75 (+4.15%)
The Akufo-Addo government’s cocoa pricing legacy remains unmatched, having more than quadrupled the price paid to farmers during its last four years in office. This momentum has laid a strong foundation for sustainable improvements in the cocoa sector, benefiting over 800,000 Ghanaian farmers.
