Government has reduced the cocoa producer price for the remainder of the 2025/2026 crop season, citing a sharp fall in world market prices.
Announcing the decision at a press conference on Thursday, February 12, 2026, Finance Minister Dr. Cassiel Ato Forson said the Producer Price Review Committee (PPRC), under his chairmanship, has approved a new producer price of GH¢41,392 per tonne and GH¢2,587 per bag, effective immediately.
He explained that the adjustment follows a significant decline in the international price of cocoa, which has dropped from an average of US$7,200 per tonne to about US$4,100 per tonne, a development he said has made Ghana’s cocoa uncompetitive and created liquidity challenges for COCOBOD.
“In order to cushion the farmer, the PPRC has recommended that the farmer be paid 90 percent of the achieved gross FOB of 4,200 US dollars per tonne to mitigate the adverse impact on the farmer as a result of the fall in the world market price,” he stated.
Dr. Forson said the new pricing decision is intended to reflect current market realities while ensuring COCOBOD can inject immediate liquidity to pay farmers promptly and sustain operations in the sector.
“As a result of that… effective today, Thursday, 12 February 2026, the new producer price for the remainder of the 2025-2026 crop season will now be 41,392 Ghana cedis per ton and 2,587 Ghana cedis per bag,” he said.
He added that the measure was 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.”
The Finance Minister assured cocoa farmers that government remains committed to protecting their interests despite the difficult global market conditions.
Source: Starrfm.com.gh/Abigail praise Pabai
