A concerned cocoa farmer, Mark Ewusi Arkoh, has criticised the government’s newly announced cocoa producer price, describing it as “woefully inadequate” and warning of severe consequences for the industry and the economy.
In a statement issued on Tuesday, August 5, Mr. Arkoh said the GH¢128 increase per bag — which brings the price for the 2025/2026 season to GH¢3,228.75 per 64kg bag — is uncompetitive and risks pushing farmers to sell their beans across borders for higher returns.
“This paltry increase will undoubtedly lead to smuggling of beans where farmers are likely to seek better opportunities across borders, which will deprive Ghana of its valuable cocoa revenue,” he cautioned.
According to him, the uncompetitive pricing could also result in lower yields this season, ultimately affecting the sector’s overall performance. He called on government to prioritise the welfare of cocoa farmers by offering prices that match or surpass those in neighbouring countries.
“Farmers toil tirelessly, face numerous challenges, yet significantly contribute to Ghana’s economy,” he noted, urging a thorough review of the pricing regime to reflect current market realities.
Mr. Arkoh also appealed to the Ghana Cocoa Board (Cocobod) to be innovative in adding value to cocoa beans at the farm level to boost farmer incomes and ensure sustainable growth for the sector.
“By valuing, prioritising, and supporting cocoa farmers, the government ensures the sector’s growth, productivity, and contribution to the national economy,” he added.
The new cocoa producer price, approved by the Producer Price Review Committee, is set to take effect on Thursday, August 7, amid ongoing debates about farmer welfare, smuggling risks, and the competitiveness of Ghana’s cocoa industry.