Ghana, the world’s second largest cocoa producer, on Thursday announced a further increase in the purchasing price of cocoa beans from farmers in the 2025/2026 crop season, marking the second increase in two months.
“Following extensive consultations with stakeholders, the government has decided to increase the producer price of cocoa to 3,625 Ghana cedis (289.06 U.S. dollars) per bag or 58,000 cedis (4,625 dollars) per metric ton,” Finance Minister Cassiel Ato Forson told the media.
Forson said the new prices would take effect from this Friday, Oct. 3, which marks the beginning of the new season.
“Ghana Cocoa Board (COCOBOD) will continue to implement interventions to support cocoa production and improve the welfare of cocoa farmers,” the minister states.
In particular, he said COCOBOD would intensify the supply of free cocoa fertilizers, insecticides, spraying machines, fungicides, and free flower inducers to boost production.
Earlier, on Aug. 4, the government announced that COCOBOD would pay 3,228 cedis per 64kg bag and 51,660 cedis per metric ton of cocoa in the new season.