The purchase price of cocoa beans for farmers in Ghana will increase to 51,660 Ghana cedis (4,906 U.S. dollars) per metric ton for the 2025/2026 cocoa season, the government announced on Monday.
The new price is a 4.15 percent increase from the 49,600 cedis (4,722 dollars) per metric tonne during the 2024/2025 period.
Finance Minister Cassiel Ato Forson said in a statement that Ghanaian cocoa farmers would receive 3,228 cedis per 64-kilogram bag of cocoa beans in the new main crop season, starting this Thursday, Aug. 7.
“This is coming on the back of a strong Ghana cedi and declining inflation, reflecting the government’s commitment to improving the livelihoods of our cocoa farmers,” Forson stated.
According to him, the new price means that the government has moved the share of farmers in the free-on-board price of cocoa from 63.9 percent to over 99 percent.
He added that the strong performance of the local cedi currency against all the major traded currencies also protects cocoa farmers against the loss of income.
Ghana’s main crop season, which starts this month, will end around April 2026 to make way for the minor season, which provides local grinders with the main raw material for chocolate.
Ghana is the world’s second-largest cocoa producer after neighboring Côte d’Ivoire, grossing about 600,000 metric tons during the 2024/2025 crop season.
One U.S. dollar sold at 10.53 Ghana cedis on Monday, according to the Xe.com currency converter.