Ghana raises farmgate cocoa price for 2026-27 season amid regional gaps

Ghana raised the price paid to cocoa farmers to 42,400 cedis a ton for the upcoming 2026-27 harvest, marking a 2.4% increase from the previous rate.

The new rate represents 71.8% of the free-on-board export cost, aligning with Ghana's goal to guarantee farmers at least 70% of export revenues.

The widening price gap with neighboring Ivory Coast, which kept its price unchanged, risks driving bean smuggling and sustaining international cocoa price trends.