The Young Cocoa Farmers Association in Ghana has expressed disappointment over the new producer price of cocoa for the 2026/2027 crop season. The price has been increased by GH¢63 from GH¢2,587 to GH¢2,650 per 64kg bag. According to the Association, this increase is insignificant considering the rising cost of production. The Association made this statement in a press release on September 27, 2026.
The Young Cocoa Farmers Association argued that the increase does not reflect the rising cost of labour, fertiliser, chemicals, transportation, and farm maintenance. The Association believes that cocoa farmers deserve a fair and meaningful price supported by a financing model that guarantees prompt payment. They also stressed that if Ghana is to attract young people into cocoa farming, returns on their investment must be meaningful.
The Association added that the true test of the new price would be whether farmers can produce cocoa, make a reasonable profit, receive payment promptly, and have the incentive to invest in the next crop. They stated that the marginal increase does little to improve the economic position of cocoa farmers and does not provide the incentive needed to encourage young Ghanaians to see cocoa farming as a serious and profitable business.
The Young Cocoa Farmers Association emphasized that cocoa farming must be treated as a serious business and not merely a tradition. They also expressed gratitude to the leadership and entire membership of Parliament for their intervention following its earlier call for the timely commencement of the 2026/2027 cocoa purchasing season.
According to the Association, the new price has fallen short of their expectations, but they have accepted it as the producer price for the new cocoa season. The Association remains committed to the future of Ghana’s cocoa industry. They also urged that returns on investment, labour, and resources must be meaningful to encourage existing farmers to remain in the sector.
The increase in producer price was announced after the Young Cocoa Farmers Association called for a price that adequately reflects the rising cost of cocoa production. The Association’s concerns and expectations were not met, leading to their expression of disappointment. The new producer price of GH¢2,650 per 64kg bag took effect in the 2026/2027 crop season.
The Young Cocoa Farmers Association’s statement highlights the challenges faced by cocoa farmers in Ghana, including the rising cost of production and the need for a fair and meaningful price. The Association’s commitment to the future of Ghana’s cocoa industry is evident, and they continue to advocate for the interests of cocoa farmers.
Key points
- The Young Cocoa Farmers Association expressed disappointment over the GH¢63 increase in the producer price of cocoa for the 2026/2027 crop season.
- The Association argued that the increase does not reflect the rising cost of labour, fertiliser, chemicals, transportation, and farm maintenance.
- The Association remains committed to the future of Ghana’s cocoa industry and continues to advocate for the interests of cocoa farmers.
