The producer price of cocoa has been increased from GH¢41,392 to GH¢42,400 per tonne for the 2026/27 cocoa season. The new price represents 71.18% of the realised gross free-on-board (FOB) value of cocoa.

Therefore, a 64-kilogramme bag of cocoa will now sell at GH¢2,650. The new price gives farmers an extra GHS1,008 per tonne over last season’s.

The announcement was made by COCOBOD Chief Executive Dr. Randy Abbey at the official opening of the 2026/27 cocoa season.

According to the CEO, the decision was made a meeting with the Minister of Finance, cocoa farmers and the Chamber of Cocoa Marketers, which comprises Licensed Buying Companies, hauliers and processors.

The new price announcement comes as efforts intensify to secure financing for the upcoming cocoa season and address liquidity challenges facing the sector.

As part of preparations for the 2026/2027 season, the Ghana Cocoa Board (COCOBOD) engaged with leading international cocoa trading companies in London.

The 2025/2026 crop season price, now at GH₵3,625 per bag, equivalent to GH₵58,000 per tonne, represents a 12.27 per cent increase over the GH₵3,228.75 per bag price announced in August.

The upward adjustment for 2026/2027 is believed to be an effort to match local prices with gains in the global cocoa market. Meanwhile, COCOBOD has expressed its commitment to ensuring that cocoa farmers receive a meaningful and fair boost in their income, despite the hike in the dollar.

Recently, the government disclosed its intention to reintroduce free fertilisers, aimed at supporting farmers to increase production.Finance Minister, Dr. Ato Forson, noted, “In preparation for the new season, COCOBOD has made available jute sacks and related logistics for the smooth take-off of the 2025/2026 crop Season.

"Ladies and Gentlemen, and to the cocoa farmer, I am pleased to announce that President John Mahama’s administration has reintroduced the free cocoa fertiliser programme as an additional support to the Ghanaian cocoa farmer, beginning the 2025/2026 crop year.”

Dr. Forson added that every single farmer will benefit from this initiative.“Beginning this crop year, President Mahama’s administration will supply free cocoa fertilisers (both liquid and granular), free insecticides, free spraying machines, free fungicides, and free flower inducers to farmers,” he added.

Farmers were therefore cautioned against smuggling.“Government strongly advises cocoa farmers to apply these inputs solely for the purpose of improving cocoa yield and their income. Please do not smuggle them,” he said.

Minister for Foreign Affairs, Honourable Samuel Okudzeto Ablakwa, and the Ambassador of the Kingdom of Morocco, Her Excellency Imane Ouaadil, on July 28, handed over two thousand (2,000) tons of fertilizer, equivalent to 40,000 bags of fertilizer, to the Ministry of Food and Agriculture.

According to the Foreign Ministry, the fertilizer was donated to the West African country by the Kingdom of Morocco during the official visit of Mr Okudzeto Ablakwa to Morocco last month as part of the two countries’ commitment to sustainable agriculture to enhance food security.

Deputy Minister for Food and Agriculture, John Setor Dumelo, received the donated fertilizers on behalf of the Minister for Food and Agriculture, Eric Opoku. He expressed gratitude to the Morrocan government for the donation. He assured that farmers will receive the fertilizers to aid crop production.

“Yesterday, 40,000 bags of fertilizer was donated to Ghana by the Kingdom of Morocco through the Ministry of Foreign Affairs. On behalf of my boss Hon Eric Opoku, I want to say a big thank you to Hon Ablakwa and Her Excellency Ouaadil for this kind gesture. We at the Ministry of Agriculture will ensure the fertilizers get straight to the deserving farmers as soon as possible,” he wrote in a post on the X platform on July 29.