The Ghana Cocoa Board (COCOBOD) has refuted reports suggesting that Ghanaian cocoa farmers earn less than their counterparts in Céte d’Ivoire, insisting that Ghana currently pays the highest farmgate price in West Africa.
In a statement released on August 20, 2025, and sighted by GhanaWeb Business, COCOBOD said official figures confirm that Ghanaian farmers are significantly better off.
Currently, Ghana’s producer price stands at GH¢3,228.75 per 64kg bag, equivalent to GH¢51,660 per tonne or USS$5,040 per metric tonne (MT).
In contrast, Cdte d’Ivoire pays GH¢2,553.38 per bag, or GH¢40,854 per tonne (US$3,886/MT). According to the August 2025 Commodity Analysis Team report, Ghanaian farmers are earning:
– GH¢675.38 (US$64.16) more per bag ¢ GH¢10,806 (US$1,154) more per tonne Breakdown of comparisons
– Per Kilogramme: Ghana — GH¢51.65 (US$5.04) | Céte d’Ivoire – GH¢40.85 (US$3.89) – Per 64kg Bag: Ghana
— US$315 | Céte d’Ivoire — US$227 – Per Tonne: Ghana — US$5,040 | Céte d’Ivoire
– USS$3,886 COCOBOD stressed that claims of parity or disadvantage are “factually inaccurate and misleading.”
It explained that Ghana’s pricing strategy not only ensures fair returns for farmers but also shields them from currency volatility and reduces the incentive for smuggling across the Ghana~Cote d’Ivoire border.
“This pricing policy reflects COCOBOD’s unwavering commitment to ensuring fair and rewarding returns for farmers’ hard work,’ the statement said.
The Board added that Ghana’s leadership in the global cocoa industry is reinforced by sustainable prices and uncompromised quality.
“Ghana’s cocoa remains the global benchmark for quality, and now, backed by the highest farmgate price in West Africa, it also guarantees better livelihoods for our farmers, it concluded.
