GOVERNMENT CUTS COCOA PRODUCER PRICE TO GH¢41,392 PER TONNE AMID GLOBAL MARKET SLUMP
Finance Minister says decision reflects sharp drop in world prices and aims to protect sector sustainability.
Government has reduced the cocoa producer price for the remainder of the 2025/2026 crop season following a significant decline in global market prices.
At a press conference on Thursday, February 12, 2026, Finance Minister Dr. Cassiel Ato Forson announced that the Producer Price Review Committee (PPRC), which he chairs, had approved a new producer price of GH¢41,392 per tonne and GH¢2,587 per bag, effective immediately.
According to the Minister, the adjustment was triggered by a steep fall in international cocoa prices, which have dropped from an average of US$7,200 per tonne to about US$4,100 per tonne.
He noted that the price decline has affected Ghana’s competitiveness on the global market and created liquidity challenges for the Ghana Cocoa Board (COCOBOD).
“In order to cushion the farmer, the PPRC has recommended that the farmer be paid 90 percent of the achieved gross FOB of 4,200 US dollars per tonne to mitigate the adverse impact on the farmer as a result of the fall in the world market price,” Dr. Forson stated.
He explained that the revised pricing structure is intended to align with prevailing global market conditions while ensuring that COCOBOD has sufficient liquidity to make prompt payments to farmers and sustain operations in the cocoa sector.
“As a result of that… effective today, Thursday, 12 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.
Dr. Forson emphasised that the move was necessary to “reflect the reality of the world market price of cocoa, ensure the injection of immediate liquidity for expedited payment of farmers and guarantee the sustainability of our cocoa sector.”
Despite the reduction, the Finance Minister assured cocoa farmers that government remains committed to safeguarding their welfare and stabilising the industry in the face of challenging global market conditions.
Source:NKONKONSA.com
