COCOBOD confirmed full nationwide deployment of the Ghana Cocoa Traceability System, positioning Ghana to comply with the EU Deforestation Regulation taking effect on 30 December 2026 and to supply cocoa that is traceable, legally produced and free from deforestation.

Ghana raised its cocoa producer price to GHS42,400 per tonne for the 2026/27 season, equal to 71.18 percent of realised gross FOB value, under the new Ghana Cocoa Board Act, 2026, and declared the season open. 

Ghana passed a new legal framework for its cocoa sector, guaranteeing farmers not less than 70 percent of the FOB price and mandating COCOBOD to regulate the value chain, strengthen producer pricing and promote greater local value addition. 

Ghana plans to acquire 200,000 hectares of land for cocoa cultivation as part of a broader strategy to boost production and address the sector’s recent decline.

Strong yields and favourable weather have boosted production prospects, but cocoa farmers warn that delayed payments are limiting their ability to harvest and market their crops effectively.  

Ghana reduced its cocoa producer price to reflect falling international market prices while introducing a new financing model to improve sector sustainability. The reforms aim to strengthen farmer payments, support buyers, and increase local cocoa processing.

On January 24, 2026, Access Bank Ghana and the International Finance Corporation signed a US$134 million risk sharing arrangement, backed by the Bank of Ghana, to strengthen liquidity for Licensed Buying Companies and support stability across Ghana’s cocoa value chain. 

Global cocoa prices have dropped below Ghana’s fixed farmgate rate, increasing financial pressure on COCOBOD and Licensed Buying Companies as they absorb the gap between market prices and guaranteed farmer payments. 

A World Bank affiliate has approved a US$300 million financing package to support farmer payments, enhance productivity, and strengthen the resilience of Ghana’s cocoa sector. 

On October 2, 2025, Ghana’s Producer Price Review Committee announced a revised cocoa price of GHS3,625 per bag (GHS58,000 per tonne), a 12.3% increase from August’s GHS3,228.75, effective October 3.

On August 4, 2025, Ghana raised the 2025/26 cocoa producer price to USD 5,040 per tonne, a 62.6% increase from USD 3,100, reflecting a significant effort to reward farmers amid changing global market conditions.

On August 4, 2025, Ghana’s Producer Price Review Committee approved the 2025/26 cocoa producer price ahead of the new crop season opening on August 7, reaffirming government’s commitment to fair farmer compensation and market stability.

As Ghana’s economy strengthens, the appreciation of the Cedi has been hailed as a sign of renewed confidence. However, for cocoa which is priced globally, the stronger currency presents complex implications for farm gate prices.

Ghana’s cocoa farmers anticipate a strong 2025/26 harvest driven by favourable weather, improved flowering, and healthy pod development despite persistent challenges with input supply, smuggling, and crop disease.

Ghana’s 2024/25 cocoa production is projected at 700,000 MT, up 32% from 2023/24, driven by better yields, pruning, and insecticide supply. Exports are expected to rise 55% to 520,000 MT.

COCOBOD introduced a new self-financing model to reduce dependence on syndicated loans, enhance farmer payments, and ensure sustainability. The publication highlights sector reforms, technology upgrades, climate resilience, and initiatives improving farmer welfare.

On November 10, 2024, Ghana raised the cocoa producer price from GHS48,000 to GHS49,600 per tonne to boost farmer income and ensure fair compensation amid global market fluctuations.

Cocoa output is expected to rebound in the 2024/25 season as favourable weather improves yields, though illegal mining, smuggling, and disease outbreaks continue to challenge Ghana’s cocoa sector.

On 13^th September 2024, COCOBOD announced that purchases for the 2024 Light Crop Season would close on September 10, 2024, with final returns from Licensed Buying Companies accepted until September 19, 2024.

On September 11, 2024, Ghana announced a 129% increase in the cocoa producer price to GHS48,000 per tonne, marking a major step to strengthen the sector and improve farmer livelihoods.