Ghana offers highest cocoa farmgate prices in West Africa – COCOBOD

The Ghana Cocoa Board (COCOBOD) has issued a firm rebuttal to recent claims suggesting that Ghanaian cocoa farmers are receiving lower farmgate prices than their counterparts in Côte d’Ivoire. The Board emphasized that Ghana continues to provide the most competitive prices in West Africa.

In a press statement released on Wednesday, August 20, COCOBOD noted that the official producer price in Ghana is ₵3,228.75 per 64kg bag, which translates to ₵51,660 per tonne or US $5,040 per metric tonne. Comparatively, cocoa farmers in Côte d’Ivoire receive ₵2,553.38 per 64kg bag, equivalent to ₵40,854 per tonne or US\$3,886 per metric tonne.

Data compiled in August 2025 by COCOBOD’s Commodity Analysis Team highlights a clear financial advantage for Ghanaian farmers, who earn ₵675.38 more per bag, or US $64.16, and ₵10,806 more per tonne, or US $1,154, than their Ivorian counterparts. “This is not a matter of interpretation — it is a matter of fact,” the statement said. “On every key metric, Ghanaian farmers are earning more.”

COCOBOD stressed that any assertions suggesting parity or lower pricing in Ghana are “factually inaccurate and misleading.” The Board explained that the competitive pricing framework is part of a broader strategy to shield farmers from currency fluctuations and curb cocoa smuggling, which remains a persistent challenge in border regions.

“This pricing policy reflects COCOBOD’s unwavering commitment to ensuring fair and rewarding returns for farmers’ hard work,” the Board stated. It added that by maintaining attractive and sustainable farmgate prices, Ghana not only strengthens its leadership in the global cocoa industry but also supports the welfare and livelihoods of cocoa-growing communities.

The statement concluded that Ghanaian cocoa continues to set the benchmark for quality globally, and with the highest farmgate prices in West Africa, it guarantees improved earnings and better living standards for farmers across the country.