Accra: The Ghana Cocoa Board (COCOBOD) has announced that Ghanaian cocoa farmers are receiving the highest farmgate prices in West Africa, contrary to claims that farmers in C´te d'Ivoire are better off. The board emphasized its commitment to farmer welfare, cocoa sector sustainability, and maintaining Ghana's leadership in the global cocoa industry.
According to Ghana News Agency, a statement from COCOBOD clarified recent misconceptions suggesting that the farmgate cocoa price in Ghana was lower than in C´te d'Ivoire. Current market data and independent analysis revealed that Ghanaian farmers are receiving significantly higher producer prices than their Ivorian counterparts.
The August 2025 report by the Commodity Analysis Team indicated that Ghana's official producer price is ?3,228.75 per 64kg bag, equivalent to ?51,660 per tonne or US$5,040.00 per metric tonne. Meanwhile, C´te d'Ivoire's producer price stands at ?2,553.38 per 64kg bag, equivalent to ?40,854 per tonne or US$3,886 per metric tonne. This results in a price advantage of ?675.38 per bag (US$64.16) and ?10,806 per tonne (US$1,154) for Ghanaian farmers.
On a per kilo basis, Ghanaian farmers earn ?51.65 (US$5.04), compared to ?40.85 (US$3.89) in C´te d'Ivoire. For every 64kg bag, Ghanaian farmers take home US$315, whereas their counterparts in C´te d'Ivoire receive US$227. On a tonne basis, Ghanaian cocoa commands US$5,040, compared to US$3,630 across the border.
The statement highlighted that contrary to claims of parity or disadvantage, Ghana's farm-gate price is not only higher but also the most competitive in the sub-region. The official differential underscores that Ghanaian farmers receive more than ?10,000 extra per tonne compared to their Ivorian peers.
COCOBOD's pricing policy reflects its commitment to ensuring fair and rewarding returns for farmers' efforts. The policy aims to shield farmers from volatile foreign exchange movements, which often distort perceptions of pricing and discourage smuggling, by maintaining attractive and sustainable farmgate prices within Ghana.
Ghana's cocoa remains the global benchmark for quality, now backed by the highest farmgate price in West Africa, ensuring better livelihoods for the farmers.
