Ghana Cocoa Board (COCOBOD) has said that the price paid to farmers for cocoa will stay the same for the 2025/2026 season.

This decision comes even though cocoa prices have changed in some areas and the global market remains unstable.

In a letter dated April 8 and sent to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD explained that the decision was made after carefully reviewing the cocoa sector’s current financial and operational situation.

“This decision comes after careful consideration of the operational and financial implications for the cocoa industry,” said Dr. James Kofi Kutoati, Acting Deputy Chief Executive, Operations.

At the moment, cocoa farmers in Ghana earn GH₵3,100 for each 64kg bag of cocoa, which adds up to GH₵49,600 per tonne. This is a very slight increase of 0.03% from the price set in September for the 2024/2025 season.

COCOBOD explained that keeping the price steady is meant to help maintain stability and ensure the long-term growth of the cocoa industry.

It also said the decision fits with current global market trends and is aimed at supporting cocoa farmers.

While Côte d’Ivoire, Ghana’s neighbor, has recently raised its cocoa price, Ghana has decided not to make any changes for now.

Still, COCOBOD said it may consider adjusting prices, fees, and margins for industry players later in the season.