Accra: The Ghana Cocoa Board (COCOBOD) has firmly countered claims suggesting that cocoa farmers in C´te d'Ivoire receive better producer prices than their Ghanaian counterparts. The board emphasized its commitment to ensuring the welfare of farmers, promoting sustainability within the cocoa sector, and maintaining Ghana's leading position in the global cocoa market.
According to Ghana News Agency, a statement issued in Accra outlined the inaccuracies in recent reports and public discussions which claimed that Ghana's farmgate cocoa price was lower than that of C´te d'Ivoire. The statement provided evidence from current market data and independent analyses, indicating that Ghanaian cocoa farmers are indeed receiving a significantly higher producer price compared to their Ivorian counterparts.
The statement referenced an August 2025 report by the Commodity Analysis Team, which revealed that Ghana's official producer price is ?3,228.75 per 64kg bag, equating to ?51,660 per tonne or US$5,040.00/MT. In contrast, 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/MT. This results in a price advantage of ?675.38 per bag (US$64.16) and ?10,806 per tonne (US$1,154) in favor of Ghanaian farmers.
On a per kilo basis, Ghanaian farmers earn ?51.65 (US$5.04), while Ivorian farmers receive ?40.85 (US$3.89). For every 64kg bag, Ghanaian farmers take home US$315, compared to US$227 in C´te d'Ivoire. On a tonne basis, Ghanaian cocoa commands US$5,040, compared to US$3,630 across the border. The statement highlighted that Ghana's farmgate price is not only higher but also the most competitive in the sub-region.
The official differential underscores this reality, with Ghanaian farmers receiving more than ?10,000 extra per tonne compared to their Ivorian counterparts. This pricing policy reflects COCOBOD's unwavering commitment to ensuring farmers receive fair and rewarding returns for their hard work.
Additionally, the statement noted that the pricing strategy protects farmers from volatile foreign exchange movements and discourages smuggling by maintaining attractive and sustainable farmgate prices within Ghana. Ghana's cocoa remains the global benchmark for quality, and now, with the highest farmgate price in West Africa, it guarantees better livelihoods for Ghanaian farmers.
