The Ghana Cocoa Board (COCOBOD) has announced that it will maintain the country’s current cocoa producer price for the upcoming 2025/2026 season, despite recent increases in neighboring Côte d’Ivoire.
In an official letter dated April 8, 2025, addressed to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD stated that the decision was made following a thorough evaluation of the operational and financial implications for the cocoa industry in Ghana.
The letter, signed by Dr. James Kofi Kutsuati, Acting Deputy Chief Executive for Operations, emphasized that although Ghana will not match the price increase seen in Côte d’Ivoire, COCOBOD will continue to monitor the situation.
A review of producer prices, fees, and margins for stakeholders will be considered for the 2025/26 cocoa season.
“Management will, however, consider the review of producer price, fees and margins for stakeholders for the 2025/26 cocoa season,” the statement noted.
The move signals COCOBOD’s cautious approach to price adjustments, aimed at balancing farmer welfare with industry sustainability. Stakeholders are advised to stay informed and guided accordingly as discussions continue.
The letter was copied to senior officials including the Acting Chief Executive, Deputy Chief Executive for Finance & Administration, Managing Director for CMC and QCC, and the Acting Director for Research, Monitoring & Evaluation.
Ghana is the world’s second-largest cocoa producer after Côte d’Ivoire, and price decisions in both countries significantly impact the global cocoa market.
Source: www.kumasimail.com
