Minority Chief Whip and Nsawam-Adoagyiri MP Frank Annoh-Dompreh has criticised the government’s new cocoa producer price, describing the GH¢2,650 per 64-kilogramme bag as disappointing for Ghanaian cocoa farmers.
His comments follow the Ghana Cocoa Board (COCOBOD) announcement that the cocoa producer price for the 2026/2027 season has been increased from GH¢41,392 to GH¢42,400 per tonne.
The new cocoa price, which took effect on September 25, 2026, translates into GH¢2,650 per 64kg bag. COCOBOD said the rate represents 71.18 per cent of the realised gross Free-On-Board (FOB) value of cocoa.
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Reacting to the announcement on X, Annoh-Dompreh wrote: “Cocoa new farm gate price: GH¢2650!!. Now, the ‘scales’ of deception have been removed. This govt. will contend with us & our cocoa farmers once more!”
He followed up with another post criticising the government, stating: “The impunity of this government is wild & ugly!”
The Minority Chief Whip also broadened his criticism to other agricultural commodities, claiming that farmers have faced difficulties under the current administration.
“Farmers generally have come under ‘attack’ under this administration: Rice, Maize, Yam, & Cocoa!!!” he posted.
The latest cocoa producer price represents an increase of GH¢1,008 per tonne over the GH¢41,392 rate that applied immediately before the start of the new season.
The price per 64kg bag has consequently increased from GH¢2,587 to GH¢2,650.
The announcement comes after a turbulent period for Ghana’s cocoa industry. At the beginning of the 2025/26 season, the producer price was set at GH¢51,660 per tonne, equivalent to GH¢3,228.75 per bag.
The government later reduced the price to GH¢41,392 per tonne in February 2026, citing falling international cocoa prices, liquidity pressures and the need to strengthen the financial sustainability of the sector.
The new GH¢42,400 rate therefore remains below the initial price announced for the previous season.
COCOBOD Chief Executive Officer Dr Randy Abbey said the latest price followed consultations with cocoa farmers, the Ministry of Finance, licensed buying companies, hauliers, processors and other stakeholders.
The new pricing framework is linked to the Ghana Cocoa Board Act, 2026, which guarantees farmers a minimum of 70 per cent of the realised gross FOB value.
The government has also introduced changes to cocoa financing, seeking to reduce reliance on traditional international syndicated borrowing while increasing domestic financing.
COCOBOD says productivity interventions, including free fertiliser, hybrid seedlings and disease and pest-control programmes, will continue during the new season.
For Annoh-Dompreh, however, the new cocoa price has renewed concerns over farmer incomes and the government’s management of Ghana’s cocoa sector.