The Ghana Cocoa Board (COCOBOD) has dismissed suggestions that Ghanaian cocoa farmers earn less than their counterparts in Côte d’Ivoire, insisting that Ghana currently offers the highest farmgate price for cocoa in the sub-region.
In a statement issued on Wednesday, August 20, COCOBOD revealed that the official producer price in Ghana is ₵3,228.75 per 64kg bag, equivalent to ₵51,660 per tonne (US$5,040/MT). In comparison, Côte d’Ivoire pays ₵2,553.38 per 64kg bag, or ₵40,854 per tonne (US$3,886/MT).
The figures, compiled in August 2025 by COCOBOD’s Commodity Analysis Team, highlight the price advantage enjoyed by Ghanaian farmers:
• ₵675.38 more per bag (US$64.16)
• ₵10,806 more per tonne (US$1,154)
“This is not a matter of interpretation — it is a matter of fact. On every key metric, Ghanaian farmers are earning more,” the statement stressed.
Key Comparisons:
• Per Kilogram: Ghana – ₵51.65 (US$5.04) | Côte d’Ivoire – ₵40.85 (US$3.89)
• Per 64kg Bag: Ghana – US$315 | Côte d’Ivoire – US$227
• Per Tonne: Ghana – US$5,040 | Côte d’Ivoire – US$3,886
COCOBOD further noted that the pricing strategy is designed to shield farmers from currency fluctuations, reduce smuggling across borders, and guarantee fair returns for their labour.
“This pricing policy reflects COCOBOD’s unwavering commitment to rewarding farmers’ hard work,” the release stated.
The Board added that by sustaining competitive and attractive farmgate prices, Ghana is not only safeguarding farmer livelihoods but also reinforcing its position as a global leader in cocoa production.
“Ghana’s cocoa remains the benchmark for quality worldwide, and now, with the highest farmgate price in West Africa, it also assures better incomes for our farmers,” the statement concluded.
