Cocoa Farmers Express Satisfaction with New Producer Price 

October 11, 2025 

The Ghana National Association of Cocoa Farmers has welcomed the newly announced producer price of cocoa, describing it as satisfactory and evidence that the government is listening to their concerns.

In an Interview followed by vistanewsgh.com, the association's president, Stevenson Anane Boateng, said the group has formally written to the government to express appreciation for the latest price adjustment.

"We are much appreciative of that, we are okay with it; we have written to appreciate it. What we have seen is that the government is listening to the concerns we have," Mr Boateng said.

His comments come after the Minister of Finance, Dr Cassiel Ato Forson, announced an increase in the producer price of cocoa to GH¢3,625 per bag or GH¢58,000 per tonne, effective October 3, 2025. This represents a 12.27% increase, equivalent to about GH¢400 per bag, over the price announced in August.

Dr Forson assured that margins, fees, and rates for other stakeholders, including COCOBOD, remain unchanged, adding that government interventions to support cocoa production and farmers' welfare would be intensified.

He mentioned that COCOBOD would continue to supply free cocoa fertilizers, insecticides, fungicides, spraying machines, and flower inducers. Additionally, the Tertiary Education Scholarship Scheme for children of cocoa farmers is expected to roll out in the 2026/27 academic year.

The new price follows an earlier increment in August, when the government raised the producer price from US$3,100 per tonne to US$5,040 per tonne, representing a 62.58% increase in dollar terms equivalent to 70% of the Free-On-Board (FOB) value of cocoa exports.

Dr Forson noted this aligns with President John Mahama's promise to ensure that cocoa farmers receive at least 70% of the FOB price.

The latest increase has been hailed by farmer associations as a major boost to livelihoods, signaling renewed confidence in the government's commitment to improving conditions within the cocoa sector.

The positive response from cocoa farmers comes amid ongoing debates about value distribution in Ghana's cocoa industry, with recent reports highlighting that despite producing over 60% of the world's cocoa alongside Côte d'Ivoire, West African nations capture less than 6% of the industry's total value.