NDC Gov’t reduces Cocoa price from GH¢3,625 to GH¢2,587 per bag

The government has announced a new producer price for cocoa, setting it at GH¢41,392 per tonne for the remainder of the 2025–2026 crop season, in a move aimed at stabilising the sector and supporting farmers.

The new price approved by the  Producer Price Review Committee (PPRC) will take effect from Today Thursday, February 12, with the revised price translating to GH¢2,587 per bag.

Addressing the press on Thursday, February 12, Finance Minister Dr Cassiel Ato Forson explained that the decision was informed by prevailing conditions on the international cocoa market.

He said the adjustment is designed to reflect current global cocoa prices while restoring confidence across the industry.

The Minister further indicated that the new rate is expected to inject immediate liquidity into the cocoa value chain. He noted that this will help fast-track payments to farmers who have experienced delays in recent months, easing financial pressures at the farm level.

The price revision, the Minister said, also forms part of broader reforms to ensure the long-term sustainability of Ghana’s cocoa industry.

The price revision, the Minister said, also forms part of broader reforms to ensure the long-term sustainability of Ghana’s cocoa industry.

He described the measure as necessary to stabilise the sector, strengthen its financial footing, and secure better outcomes for cocoa farmers.

“As a result of that, the PPRC thereby announces that effective today, Thursday 12th February 2026, the new producer price for the remainder of the 2025–2026 crop season will now be 41,392 Ghana Cedis per ton and 2,587 Ghana Cedis per bag,” he said

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