The Ghana Cocoa Board (COCOBOD) has increased the producer price of cocoa from GH¢41,392 to GH¢42,400 per tonne for the 2026/27 cocoa season.
The new price, which takes effect from Friday, September 25, 2026, translates into GH¢2,650 per 64-kilogramme bag of cocoa.
Chief Executive of COCOBOD, Dr. Randy Abbey, announced the new producer price at the official opening of the 2026/27 cocoa season.
He said the new price represents 71.18% of the realised gross free-on-board (FOB) value of cocoa.
Dr Abbey said the decision followed extensive consultations among key stakeholders, including the Minister of Finance, cocoa farmers and the Chamber of Cocoa Marketers, which comprises Licensed Buying Companies, hauliers and processors.
The increase means farmers will receive an additional GH¢1,008 per tonne compared with the producer price for the 2025/26 season.
Dr Abbey also highlighted reforms introduced under the Ghana Cocoa Board Act, 2026 (Act 1182), which he said are aimed at strengthening the governance and long-term sustainability of Ghana’s cocoa industry.
Under the new law, cocoa farmers are guaranteed a minimum of 70% of the realised gross FOB price of cocoa.
The Act also strengthens the protection of cocoa farms from illegal small-scale mining, introduces a new financing framework to support increased domestic value addition and prohibits COCOBOD from engaging in quasi-fiscal activities.
According to Dr Abbey, the reforms are intended to improve returns to farmers, strengthen the financial and institutional foundations of the sector and place Ghana’s cocoa industry on a sustainable growth path.
Source: www.kumasimail.com
