COCOBOD to intensify supply of free cocoa fertilizers, insecticides, and spraying machines.
COCOBOD to intensify supply of free cocoa fertilizers, insecticides, and spraying machines.
The Minister of Finance, Dr Cassiel Ato Forson, has said that the Ghana Cocoa Board (COCOBOD) will intensify the supply of free cocoa fertilisers (liquid and granular), free insecticides, and free spraying machines.
He also stated that He further stated that COCOBOD will continue to implement interventions to support cocoa production and improve the welfare of cocoa farmers.
The Minister of Finance said this after announcing on Thursday, October 2, that the government has decided to increase the producer price of cocoa to GHS3,625 per bag or GHS58,000 per tonne.
This represents an increase of about GHS400 per bag, equivalent to a 12.27% rise over the price announced in August, he said.
The new price takes effect tomorrow, Friday, 3rd October 2025.
In a post on his X page after addressing the media, Dr Ato Forson said, “Margins, fees, and rates to all other stakeholders, including COCOBOD, remain unchanged.”
He added, “In addition, COCOBOD remains on track to implement the new Tertiary Education Scholarship Scheme for children of cocoa farmers in the 2026/27 academic year.”
Earlier, in August, Dr. Cassiel Ato Forson announced that the government had increased the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne.
The new price took effect from Thursday, 7th August 2025.
In a Facebook post, the finance minister said it is instructive to note that the government has, by this decision, increased the producer price significantly by 62.58% in US dollar terms.
He also said this increase in the producer price represents 70% of the gross Free-On-Board (FOB) value of US$7,200 per tonne and aligns with President Mahama’s promise to pay cocoa farmers 70% of the FOB price.
