The Government of Ghana has raised the price paid to cocoa farmers for the 2025/2026 season from US$3,100 to US$5,040 per tonne. This is a 62.58% increase, showing a strong commitment to supporting farmers. The new price reflects 70% of the international market value of US$7,200 per tonne, fulfilling President John Mahama’s promise to pay farmers a fair share.
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| Ghana Cocoa Beans |
Compared to the previous administration, which paid farmers only 63.9% of the market price, this new increase means better earnings for cocoa farmers. In Ghanaian currency, the new price equals GHS51,660 per tonne or GHS3,228.75 per 64kg bag. The government has worked to protect farmers from losses caused by currency changes by subsidizing prices in recent months.
Alongside the price increase, the government has reintroduced the Free Cocoa Fertilizer Programme, giving farmers free fertilizers and pest control products to boost yields. There are also plans to provide scholarships for farmers’ children and launch a Cocoa Traceability System to ensure Ghanaian cocoa meets strict international standards.
The government is also reforming COCOBOD, the cocoa board, to focus on increasing cocoa production and farmer welfare. Overall, these measures aim to improve cocoa farmers’ income and stabilize the sector, which is vital for Ghana’s economy.
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