Government Raises 2025/26 Cocoa Price by GH₵ 400 to Support Farmers
Ghanaian cocoa farmers will now enjoy a price raise on their cocoa beans. This comes after the government of Ghana has announced a GH₵ 400 increase to the base price paid to farmers for every 64kg bag in the 2025/26 crop season.
Details About Cocoa Price Raise
Under the new pricing, Cocoa farmers will now receive GH₵ 3,625 per 64kg bag, up from the previous GH₵3,225.
This decision followed a review by the Producer Price Review Committee, which factored in updates to government forecasts and international market conditions.
At a press briefing monitored by GhanaView News in Accra, Cassiel Ato Forson, Ghana’s Finance Minister said the adjustment is intended to improve farmers’ financial wellbeing and cushion them against market volatility.
“This means that per every bag purchased the cocoa farmer is getting 400 cedis additional. Simply put, to the ordinary cocoa farmer, for every bag the cocoa farmer sell they will get an additional 400 cedis”, the minister said.
The minister added that, the government will continuously monitor global cocoa trends and make further interventions if needed.
Ghana’s Cocoa Production
Ghana’s cocoa season began early this year in August, two months ahead of typical schedules to give farmers early cash flow.
In the four weeks ending September 4, deliveries to warehouses jumped to 50,440 metric tons, compared to about 11,000 tons in the same period last year.
This appreciable surge is helping ease upward pressure on global cocoa prices, which had been under strain from supply shortages.
Experts have equally added that, Ghana now expects 650,000 tons of cocoa for 2025/26 higher than the 600,000 tons forecast in the prior season.
The Positive Impacts Of Cocoa Price Raise
GhanaView Business has given four (4) positive impacts of cocoa price raise to Ghanaian cocoa farmers.
1. Stronger farmer support.
The GH₵ 400 boost translates to approximately 12.4% increase in per-bag revenue. This can help farmers cover inputs and cost pressures.
2. Reduced incentive for smuggling.
Making Ghana’s cocoa price more competitive implies that, fewer farmers may be tempted to sell across borders for better pay.
For instance, allegedly most Ghanaians smuggle cocoa beans to neighbouring countries like Togo, Burkina Faso, and Cote D’voire.
3. Market stability.
Earlier deliveries lessen shocks to global supply dynamics, which in turn may temper price volatility.
4. Production growth.
The higher target (650,000 tons) suggests confidence in yields. This may help Ghana maintain its position in global cocoa markets.
Conclusion
Most of the cocoa beans at the warehouses are destined for export. Also, some of the beans are sold to local processors in Ghana. Most Ghanaians may not be surprised at the current pricing because President Mahama made such promise during his campaign.
