COCOBOD sets 2026/27 cocoa producer price at GH¢42,400
The Ghana Cocoa Board (COCOBOD) has raised the producer price of cocoa for the 2026/27 season from GH¢41,392 to GH¢42,400 per tonne.
The new price, effective Friday, September 25, 2026, means cocoa farmers will receive GH¢2,650 for every 64-kilogramme bag.
COCOBOD Chief Executive, Dr Randy Abbey, announced the revised price at the official launch of the 2026/27 cocoa season.
According to Dr Abbey, the new producer price represents 71.18% of the realised gross free-on-board (FOB) value of cocoa.
He said the decision was reached after consultations with key stakeholders, including the Minister of Finance, cocoa farmers and members of the Chamber of Cocoa Marketers, made up of Licensed Buying Companies, hauliers and processors.
The adjustment gives farmers an additional GH¢1,008 per tonne compared with the producer price set for the 2025/26 cocoa season.
Dr Abbey also outlined reforms under the Ghana Cocoa Board Act, 2026 (Act 1182), which he said are designed to improve governance and ensure the long-term sustainability of the cocoa sector.
Under the new legislation, cocoa farmers are guaranteed at least 70% of the realised gross FOB price of cocoa.
The law also provides stronger measures to protect cocoa farms from illegal small-scale mining, establishes a new financing framework to promote greater domestic processing and value addition, and bars COCOBOD from undertaking quasi-fiscal activities.
Dr Abbey said the reforms are expected to increase farmers’ earnings, strengthen the financial and institutional structures supporting the cocoa industry, and put the sector on a more sustainable growth trajectory.
About The Author
