The government has announced an upward adjustment of the producer price of cocoa, offering a reprieve to farmers for the 2025/26 season.

The new price has been set at GH?3,625 per bag, equivalent to GH?58,000 per tonne, effective Friday, October 3, 2025. This represents a 12.27 per cent increase over the GH?3,228.75 per bag price announced just two months ago in August.

The decision was reached after a meeting of the Producer Price Review Committee (PPRC) on Cocoa, chaired by the Finance Minister, Dr. Cassiel Ato Forson.

The move is seen as a direct response to ongoing dialogues with key stakeholders in the cocoa sector. In a press release issued from the Ministry of Finance on Thursday, the government stated that the increase follows "extensive consultations with stakeholders."

This revision means a cocoa farmer will earn approximately GHS400 more for every bag of cocoa sold compared to the initial price set for the season. The August price was pegged at 70% of the average Gross Free-on-Board (FoB) price of US$7,200 per tonne.

The government has assured that the margins, fees, and rates for all other stakeholders, including the Ghana Cocoa Board (COCOBOD), will remain unchanged despite the price hike for farmers.

Beyond the price adjustment, a press release signed by the Minister of Finance, Dr Cassiel Ato Forson, outlined continued support for farmers. COCOBOD is set to intensify the supply of critical farming inputs, all provided for free. These include liquid and granular fertilisers, insecticides, spraying machines, fungicides, and flower inducers.

In a long-term commitment to farmer welfare, the release also confirmed that plans for a new Tertiary Education Scholarship Scheme for children of cocoa farmers remain on track, with implementation scheduled for the 2026/27 academic year.

"The Government remains committed to supporting the Ghana Cocoa Board to build a robust and resilient cocoa industry that provides sustainable and optimal benefits to all stakeholders," the release signed by Dr. Forson concluded.