Ghana’s Finance Minister, Dr Cassiel Ato Forson, has announced a reduction in the cocoa producer price following a sharp decline in global market prices.
Addressing the media on the country’s cocoa sector financial crisis, Dr Forson said the world market price of cocoa had fallen significantly from an average of $7,200 per tonne to about $4,100 per tonne.
He said the drop had made Ghana’s cocoa beans uncompetitive and created liquidity challenges for the sector.
To respond to the situation, the Producer Price Review Committee (PPRC) met on Thursday to assess the challenges and review the producer price for the remainder of the 2025/26 crop year.
Dr Forson said the committee recommended that farmers be paid 90% of the achieved gross Free On Board (FOB) price of $4,200 per tonne to cushion them against the impact of the global price fall.
He announced that, effective Thursday 12 February 2026, the new producer price for the remainder of the 2025/26 crop season would be GH¢41,392 per tonne, equivalent to GH¢2,587 per bag.
The minister said the adjustment was necessary to reflect prevailing global market conditions, inject immediate liquidity to enable prompt payments to farmers, and safeguard the long-term sustainability of the cocoa sector.
Ghana is the world’s second-largest cocoa producer, and fluctuations in global prices have significant implications for government revenue and farmer incomes.
