Ghanaian cocoa farmers enjoy highest farmgate price in West Africa – COCOBOD

Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey

The Ghana Cocoa Board (COCOBOD) has refuted claims that cocoa farmers in Côte d’Ivoire are receiving higher farmgate prices than their Ghanaian counterparts.

In a statement dated August 20, 2025, COCOBOD clarified that Ghana’s official producer price stands at ₵3,228.75 per 64kg bag (₵51,660 per tonne or US$5,040/MT), compared to Côte d’Ivoire’s ₵2,553.38 per bag (₵40,854 per tonne or US$3,886/MT).

This means Ghanaian farmers earn an additional ₵675.38 per bag (US$64.16) and over ₵10,800 per tonne (US$1,154) compared to their Ivorian colleagues.

On a per kilo basis, Ghanaian farmers take home ₵51.65 (US$5.04), while those in Côte d’Ivoire receive ₵40.85 (US$3.89).

COCOBOD stressed that the pricing policy demonstrates its commitment to rewarding farmers fairly, protecting them from exchange rate shocks, and discouraging smuggling.

“Ghana’s cocoa remains the global benchmark for quality, and now, backed by the highest farmgate price in West Africa, it also guarantees better livelihoods for our farmers,” the statement read.

The Board further described reports suggesting Côte d’Ivoire offers better prices as “factually inaccurate and misleading.”

Source: Adomonline

Source: AdomOnline

READ ALSO: