Government sets 2026/27 cocoa producer price at GH¢2,650 per 64kg bag
The government has announced a new producer price of GH¢2,650 per 64-kilogramme bag of cocoa for the 2026/2027 crop season. Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr Randy Abbey, announced the new price at a press briefing on Thursday, September 24. The new price takes effect immediately and represents an increase from […]
The Ghana Cocoa Board (COCOBOD) has set the producer price for cocoa at GH¢2,650 per 64-kilogramme bag for the 2026/2027 crop season. This announcement was made by Dr Randy Abbey, the Chief Executive Officer of COCOBOD, during a press briefing on Thursday, September 24. The new price marks an increase from the previous rate of GH¢2,587 per 64kg bag that was paid during the 2026 light crop season. The earlier price equated to GH¢41,392 per tonne.
The new price was determined after consultations among key stakeholders in the cocoa industry. This adjustment is part of COCOBOD's initiatives to enhance the financial sustainability of the cocoa sector while ensuring farmers receive a substantial portion of the product's value. The 2026/2027 season will start with revised cocoa pricing and financing arrangements as the government strives to support cocoa farmers and bolster the sector's financial stability.
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