Global cocoa prices fall below domestic purchase prices in Ghana

Published Feb 5, 2026

Tridge summary

Core tip: According to a January 20 report from "News Ghana," global cocoa prices have now fallen below the purchase price paid by the Ghanaian government to its farmers, a new market development that is closely being monitored by industry observers and has placed a significant financial burden on the Ghana Cocoa Board, which is already facing operational pressures. Normally, the board needs to cover the difference between the domestic purchase price and the international market price.

Original content

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 ...

Source: Foodmate