The Ghana Cocoa Board (COCOBOD) has lifted the 2026/27 cocoa producer price from GH¢41,392 to GH¢42,400 per tonne, a move announced by Chief Executive Dr. Randy Abbey at the official opening of the season.
The adjustment means farmers will receive GH¢2,650 for every 64‑kilogram bag of cocoa, an increase of GH¢1,008 per tonne compared with the 2025/26 rate.
Dr. Abbey said the new price represents 71.18% of the realised gross free‑on‑board (FOB) value of cocoa and follows extensive consultations with the Minister of Finance, cocoa farmers and the Chamber of Cocoa Marketers, which includes licensed buying companies, hauliers and processors.
He also highlighted reforms under the Ghana Cocoa Board Act, 2026 (Act 1182), which guarantee farmers a minimum of 70% of the realised gross FOB price, protect farms from illegal mining, introduce a new financing framework for domestic value addition and prohibit COCOBOD from engaging in quasi‑fiscal activities.
According to Dr. Abbey, the reforms aim to improve farmer returns, strengthen the sector’s financial and institutional foundations, and place Ghana’s cocoa industry on a sustainable growth path.
