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Ghana increased price cocoa production:
Ghana increased the price of cocoa to production on Monday by 62.58 % to support its farmers in anticipation of the 2025-2026 campaign. In addition, a measure which should exert pressure on the other main cocoa producing countries, such as Côte d’Ivoire.
This increase could further increase world cocoa costs. Furthermore, at a time when supply chains are tightening due to climatic shocks and aging farms.
Finance Minister Cassiel Ato Forson said at a press conference in Accra that the price paid to producers would drop from US dollars to $ 5. For example, 040 per ton.
“The cocoa planter remains an essential pillar of our economy. and this government is determined to ensure that it fully benefits from the gains made,” he said.
Second world producer behind Côte d’Ivoire, Ghana traditionally fixes its price before its neighbor.
Currently, Abidjan pays the planters ghana increased price cocoa production up to 1,500 CFA francs (around 2 euros) per kilo, or about $ 2,440 per ton.
This measure is part of President John Mahama’s campaign commitments. elected last December, who had promised to bring the share of export reversed to producers to almost 70 % of the value of the cocoa price at the time of his export load.
The FOB (Franco on board) price has increased in recent years. currently reaching $ 7,200 per tonne, an average between contracts at $ 2,600 (2,246 euros) during the 2023-2024 season and sales forecasts for 2025-2026, said the Minister.
Previously, farmers only received 63.9 % of the FOB price, or $ 3,100 over a FOB value of $ 4,850 for the 2024-2025 season.
Minister Forson said the revised price also takes into account the improvement of macroeconomic conditions. including the strengthening of the CEDI, local currency, and inflation attenuation.
Price checks in Ghana are aimed at stabilizing ghana increased price cocoa production farmers’ income. especially during price reductions, but criticisms say they have not followed market increases, especially in recent years, when prices have increased sharply.
In response. some farmers have embarked on gold extraction, assigning their land to informal minors, many of which have left sustainable pollution behind.
The Minister of Finance has also announced the reintroduction of the Government Government of Freesty Distribution for Cocoa. which includes the distribution of fertilizers, insecticides, fungicides, sprayers and floral inductors in order to increase yields and income.
Ghana increased price cocoa production
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