For the 2026/27 cocoa season, the Ghana Cocoa Board (COCOBOD) has raised the producer price of cocoa from GH41,392 to GH42,400 per ton.
The revised price, effective Friday, September 25, 2026, is equivalent to GH¢2,650 for each 64-kilogram bag of cocoa. During the official start of the 2026/27 cocoa season, Dr. Randy Abbey, CEO of COCOBOD, revealed the new producer price.
According to him, the new price accounts for 71.18% of the gross free-on-board (FOB) price of cocoa that was actually generated. According to Dr. Abbey, the choice was made after extensive discussions between significant stakeholders, such as the Chamber of Cocoa Marketers (which includes Licensed Buying Companies, hauliers, and processors), cocoa farmers, and the Minister of Finance.
In comparison to the producer price for the 2025/26 season, this increase translates to an additional GH¢1,008 per tonne for farmers. Dr Abbey also drew attention to adjustments implemented as a result of the Ghana Cocoa Board Act, 2026 (Act 1182), which he stated were intended to improve the long-term sustainability and governance of the Ghanaian cocoa sector.
Cocoa producers are guaranteed at least 70% of the gross FOB price of cocoa that is earned under the new legislation. The Act also includes a new financing system to promote more domestic value addition, forbids COCOBOD from engaging in quasi-fiscal operations, and strengthens the protection of cocoa farms from illegal small-scale mining.
According to Dr Abbey, the reforms are designed to boost farmer earnings, solidify the industry’s financial and institutional foundations, and set Ghana’s cocoa sector on a path of sustainable growth.
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