|
Getting your Trinity Audio player ready...
|
The government has announced a new producer price for cocoa, setting it at GH¢41,392 per tonne for the remainder of the 2025/2026 crop season in a move aimed at stabilising the sector and supporting farmers.
The new price, approved by the Producer Price Review Committee (PPRC), takes effect from today, Thursday, February 12. The revised rate translates to GH¢2,587 per bag.
Addressing the press on Thursday, Finance Minister Dr Cassiel Ato Forson explained that the decision was informed by prevailing conditions on the international cocoa market.
He said the adjustment reflects current global cocoa prices and is intended to restore confidence across the industry.
According to the Minister, the new rate is expected to inject immediate liquidity into the cocoa value chain, helping to fast-track payments to farmers who have experienced delays in recent months and easing financial pressures at the farm level.
The price revision, he noted, forms part of broader reforms aimed at ensuring the long-term sustainability of Ghana’s cocoa industry. He described the measure as necessary to stabilise the sector, strengthen its financial footing, and secure improved outcomes for cocoa farmers.
“As a result, the PPRC announces that effective today, Thursday, 12th February 2026, the new producer price for the remainder of the 2025–2026 crop season will be 41,392 Ghana Cedis per tonne and 2,587 Ghana Cedis per bag,” Dr Forson stated.
The new rate represents a downward revision from the initial price announced at the start of the 2025/26 crop season.
Source: citinews
