Ghana, the world’s second-largest cocoa producer, on Thursday announced a further increase in the producer price of cocoa beans for farmers in the 2025/2026 crop season.
“Following extensive consultations with stakeholders, the government has decided to increase the producer price of cocoa to 3,625 Ghanaian cedis (about 289 U.S. dollars) per bag or 58,000 cedis per metric ton,” Finance Minister Cassiel Ato Forson told the media.
Forson said the new prices would take effect on Friday, marking the beginning of the new season.
“Ghana Cocoa Board (COCOBOD) will continue to implement interventions to support cocoa production and improve the welfare of cocoa farmers,” the minister said.
He also said COCOBOD would intensify the supply of free cocoa fertilizers, insecticides, spraying machines, fungicides, and free flower inducers to boost production.
On Aug. 4, the Ghanaian government announced that COCOBOD would pay 3,228 cedis per 64-kg bag and 51,660 cedis per metric ton of cocoa in the new season. Enditem
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