Global cocoa prices fall below domestic purchase prices in Ghana

Currently, the international cocoa price is approximately $5,100 per ton, which converts to about 54,570 Ghanaian cedis at an exchange rate of approximately 10.70 cedis to 1 US dollar. This is lower than the producer price of 58,000 cedis per ton set by Ghana for the 2025/2026 fiscal year. In August last year, when the government announced the price increase, the international price was still in the range of $6,000 to $7,000 per ton, providing room for an increase. With global prices falling back and Ghana's purchasing price remaining fixed for this quarter, a price gap has formed. The Ghana Cocoa Board is currently paying farmers 3,100 cedis per bag (64 kg) and has absorbed the gap caused by exchange rate fluctuations through internal subsidies. If the international price continues to be lower than the domestic purchasing price, the financial pressure on the Cocoa Board will increase further. The price drop is due to changes in the supply and demand landscape. In 2025, cocoa ...