The Ghana Cocoa Board (COCOBOD) has announced that cocoa prices for farmers will remain unchanged for the upcoming 2025/2026 season, despite shifts in global market dynamics and recent price adjustments in neighboring Côte d’Ivoire.
In a letter dated April 8 addressed to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD cited a comprehensive review of the cocoa sector’s current financial and operational climate as the basis for maintaining the existing price structure.
“This decision comes after careful consideration of the operational and financial implications for the cocoa industry,” said Dr. James Kofi Kutoati, Acting Deputy Chief Executive, Operations.
Currently, Ghanaian cocoa farmers receive GH₵3,100 per 64kg bag, which translates to GH₵49,600 per tonne. This represents a marginal increase of just 0.03% from the previous season’s pricing, introduced in September 2024.
COCOBOD emphasized that price stability is essential to sustain the long-term viability of the cocoa sector, noting that the decision aligns with broader global market trends.
While Côte d’Ivoire recently opted to increase its farmgate cocoa price, Ghana has taken a more cautious approach, aiming to balance farmer support with industry sustainability.
COCOBOD, however, hinted that it may review fees, margins, and prices for other stakeholders within the cocoa value chain later in the season, depending on how conditions evolve.
Credit: TEDDY VAVA GAWUGA
