_Posted by Daily Newsflash-GH | 29th September, 2026 | Accra_
Ghana has opened the *2026/27 cocoa season* with a new producer price of *GH¢2,650 per 64-kilogramme bag*, up from GH¢2,587 in the previous season.
The new price, which translates to GH¢42,400 per tonne, took effect from Friday, September 25, 2026, following its announcement by the Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr Randy Abbey.
Announcing the price in Accra, Dr Abbey said the increase represents a GH¢63 rise per bag* and GH¢1,008 per tonne — a 2.4% increase over the previous price of GH¢41,392 per tonne.
According to COCOBOD, the new price represents 71.18 percent of the realised gross Free-on-Board (FOB) value of cocoa.
The adjustment was made under the newly enacted Ghana Cocoa Board Act, 2026 (Act 1182), which guarantees cocoa farmers a minimum of 70% of the gross FOB price.
Dr Abbey said the price was arrived at after extensive consultations with the Ministry of Finance, cocoa farmers, the Chamber of Cocoa Marketers, Licensed Buying Companies (LBCs), hauliers and processors.
He explained that the reforms under Act 1182 are aimed at strengthening governance, ensuring long-term sustainability of Ghana’s cocoa industry, protecting cocoa farms from illegal small-scale mining (galamsey), and establishing a new financing framework to support domestic value addition. The Act also prohibits COCOBOD from engaging in quasi-fiscal activities.
The government says the new price is expected to improve returns to farmers while helping to curb cocoa smuggling.
Mixed Reactions
The announcement has drawn mixed reactions. The Young Cocoa Farmers Association has expressed disappointment, describing the GH¢63 increment as insignificant given the rising cost of labour, fertiliser, chemicals and transportation.
The opposition NPP has also criticised the price, arguing it falls below what should be paid when international market prices and the $400 Living Income Differential (LID) are factored in, and has called for full transparency in COCOBOD’s calculation.
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