The Ghana Cocoa Board (COCOBOD) has increased the producer price of cocoa for the 2026/2027 crop season from GH¢41,392 to GH¢42,400 per tonne.
Chief Executive of COCOBOD, Dr Randy Abbey, announced the new producer price as part of arrangements to officially open the new cocoa season.
The new price represents an increase of GH¢1,008 per tonne, equivalent to about 2.4 percent above the previous producer price.
Dr Abbey also announced a realised Free-On-Board (FOB) price of US$2,650 per tonne for the 2026/2027 season.
According to COCOBOD, the new producer price represents 71.18 percent of the realised FOB value, reflecting its position that cocoa farmers should receive a significant share of the value generated from their produce.
The adjustment comes as the cocoa sector undergoes reforms aimed at improving the financial sustainability of COCOBOD while protecting the incomes of cocoa farmers.
New pricing mechanism
The new pricing framework follows the passage of the Ghana Cocoa Board Act, 2026, which provides for an automatic adjustment mechanism linked to international cocoa prices, exchange rates and other relevant factors.
The framework also guarantees cocoa farmers at least 70 percent of the gross FOB price.
The new mechanism is expected to provide a more direct link between international market conditions and the price paid to farmers.
Changes to cocoa financing
The new cocoa season also begins amid efforts to reform how COCOBOD finances cocoa purchases.
The government is seeking to reduce the sector’s reliance on traditional international syndicated loans while increasing participation by domestic investors.
As part of the proposed financing framework, COCOBOD plans to introduce a Cocoa Notes Programme to mobilise funds from Ghana’s domestic capital market to support cocoa purchases and related operations.
The 2026/2027 cocoa season therefore begins against the backdrop of changes to cocoa pricing, financing and sector management.
The new producer price of GH¢42,400 per tonne will determine the purchasing arrangements for the season and the earnings of cocoa farmers under the new pricing framework.
