The government has announced a new cocoa producer price of GH₵2,587 per bag for the remainder of the 2025/2026 crop season, as part of measures to support farmers amid declining global cocoa prices.
Finance Minister, Dr. Cassiel Ato Forson, announced the new price at a press briefing on Thursday, February 12, 2026, following deliberations by the Producer Price Review Committee (PPRC).
According to Dr. Forson, the new pricing structure is intended to cushion cocoa farmers from the impact of falling international market prices while ensuring the sustainability of Ghana’s cocoa sector.
“In order to cushion the farmer, the Producer Price Review Committee has recommended that the farmer be paid 90 percent of the achieved gross FOB price of 4,200 US dollars per ton to mitigate the adverse impact as a result of the fall in the world market price,” he stated.
He confirmed that the revised price takes immediate effect and forms part of government efforts to provide relief to farmers.
“Effective today, Thursday, 12 February 2026, the new producer price for the remainder of the crop season will be 41,392 Ghana cedis per ton and 2,587 Ghana cedis per bag,” Dr. Forson announced.
The Finance Minister explained that the adjustment is necessary to reflect current global market conditions while ensuring farmers continue to receive fair compensation for their produce.
“This measure has become necessary to reflect the reality of the world market price of cocoa, ensure the injection of immediate liquidity for expedited payment of farmers, and guarantee the sustainability of our cocoa sector,” he said.
Dr. Forson further reaffirmed government’s commitment to safeguarding the welfare of cocoa farmers and implementing reforms aimed at strengthening the sector.
“Cocoa has always been the mainstay of our economy, and government wishes to assure farmers that these reforms will protect their interests and transform the cocoa industry,” he added.
The new producer price forms part of broader cocoa sector reforms being implemented by government, including plans to introduce a new cocoa financing model, restructure COCOBOD’s debts, and increase local cocoa processing to boost value addition and job creation.
