COCOBOD maintains cocoa producer price despite Côte d’Ivoire hike

The Ghana Cocoa Board (COCOBOD) has announced that cocoa prices will stay the same for the 2025/2026 season.

In a letter to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD explained its decision. They conducted a thorough assessment of the local cocoa industry's financial situation.

Dr. James Kofi Kutoati, Acting Deputy Chief Executive, Operations, stated this on April 8, 2025. He emphasized that the decision aims to maintain stability in Ghana’s cocoa sector.

Currently, the producer price is GH₵3,100 per 64kg bag. This reflects a slight increase of 0.03% from last September's rate for the 2024/2025 crop season.

This adjustment translates to GH₵49,600 per tonne. It aims to align prices with market conditions and support Ghanaian farmers.

While COCOBOD noted Côte d’Ivoire's price increase, they hinted at possible future reviews. These could involve producer prices, fees, and margins for stakeholders in the upcoming season.

This decision comes as both countries produce over 60% of the world’s cocoa. They are working together through their joint Cocoa Initiative to protect farmers' incomes better.