Ghana raises cocoa farmgate price to GH¢3,228.75/bag (~US$5,040/t)
The Government of Ghana has unveiled a major revision to the cocoa producer price for the 2025/2026 season, announcing a jump from US $3,100 to US $5,040 per tonne—a 62.58% increase—in dollar terms, effective August 7, 2025, ahead of the new crop season’s opening. At an exchange rate of approximately GH¢10.25 = US $1, the new rate translates to GH¢51,660 per tonne, or GH¢3,228.75 per 64 kg bag—up from GH¢3,100 using the previous peg of GH¢16/US $1—marking a 4% local-currency rise but a dramatic increase when measured in foreign earnings. The decision was taken by the Producer Price Review Committee, chaired by Finance Minister Dr Cassiel Ato Forson, following stakeholder consultations and technical review. The revision realigns Ghana with President John Mahama’s pledge to pay farmers at least 70% of the FOB (Free-On-Board) value, estimated at around US $7,200/tonne for […]