The Ghana Cocoa Board (COCOBOD) has refuted claims circulating about a new producer price for cocoa, labelling such reports as false and misleading.
In an official statement issued yesterday April 8, 2025, the Board clarified that no price adjustment has been authorized, as the required administrative framework remains incomplete.
COCOBOD highlighted two critical gaps including the absence of functional Board of Directors to approve such a decision.
It also pointed out that the Producer Price Review Committee, which assesses and proposes price changes, is yet to be constituted.
“Without these key bodies operational, any announcement of a new producer price is impossible and unauthorized,” the statement emphasized.
The Board urged the public and media to ignore unverified claims and await official communication through proper channels.
COCOBOD maintains cocoa producer price despite Côte d’Ivoire hike
The COCOBOD had earlier announced that the producer price of cocoa will remain unchanged for the 2025/2026 season.
In a letter to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), the COCOBOD explained that the decision followed a thorough assessment of the operational and financial implications for the local cocoa industry.
“This decision comes after careful consideration of the operational and financial implications for the cocoa industry,” Dr. James Kofi Kutoati, Acting Deputy Chief Executive, Operations, announced in the letter dated April 8, 2025.
The Board said the move aims to preserve stability and long-term sustainability within Ghana’s cocoa sector.
Currently, the cocoa producer price is GH₵3,100 per 64kg bag, representing a slight rise of 0.03% from the previous rate set in September for the 2024/2025 crop season.
The adjustment, which translates to GH₵49,600 per tonne, is intended to align cocoa prices with current market conditions and provide additional support to Ghanaian cocoa farmers.
While COCOBOD acknowledged Côte d’Ivoire’s price hike, it hinted at a potential review of producer prices, fees, and margins for stakeholders in the 2025/26 season.
The decision comes at a time when both nations, who together produce over 60% of the world’s cocoa, are working to coordinate pricing through their joint Cocoa Initiative to better protect farmers’ incomes
