The Ghana Cocoa Board (COCOBOD) has officially announced that the new cocoa crop season will officially open in August 2025, with a major and promising boost for hardworking cocoa farmers across the country.
The Chief Executive Officer of COCOBOD, Dr. Randy Abbey, revealed exciting news that a new farmgate price will be introduced for cocoa, and it is widely expected to be higher than the price currently offered in neighbouring Ivory Coast.
Speaking during an extensive tour of cocoa-growing areas in the Western North Region, Dr. Abbey emphasized that the move forms part of deliberate and strategic efforts to make Ghana’s cocoa sector stronger, more resilient, and significantly more rewarding for the country’s cocoa farmers.
He noted that offering better farmgate prices will not only drastically improve the income levels of cocoa farmers but will also help make Ghana’s cocoa beans even more competitive and attractive on the international market.
The announcement comes at a critical time when global cocoa prices have surged sharply due to falling production volumes and severe climate challenges affecting cocoa-growing countries across the West African region.
Dr. Abbey visited several remote farming communities, where he engaged directly with farmers and COCOBOD staff to discuss their pressing challenges, share experiences, and gather innovative ideas for improving cocoa farming and sustainability efforts across the country.
However, Farmers in Sefwi Aboagyekrom and Atronsu have welcomed the encouraging news with great excitement and optimism, warmly praising COCOBOD for the bold and farmer-centered plan being put in place.
Many enthusiastic farmers said that a significantly higher cocoa price will strongly motivate them to produce more cocoa beans and will also encourage more young people to consider entering the cocoa farming business.
They firmly believe that better financial rewards will also help reduce the persistent problem of smuggling cocoa beans across borders into neighbouring countries, which negatively affects national earnings.
The farmers further urged the government to ensure that the new cocoa price, when officially announced in August, genuinely reflects current global market conditions and fairly supports their hard work and enormous sacrifices.
