President John Dramani Mahama has unveiled plans to revamp Ghana’s cocoa sector.

He has aimed to restore its vibrancy and sustainability.

According to President Mahama, hardworking cocoa farmers will receive incentives to boost production.

He also announced that an additional 200,000 hectares of cocoa would be added to Ghana’s total output which will increase farmers' income.

Addressing cocoa pricing, President Mahama assured farmers that the new producer price would be highly attractive.

He stated that the price would surpass the rate set by Côte d’Ivoire, providing better earnings for farmers.

Speaking during his Thank You tour in the Ahafo Region on Saturday, May 31, 2025, President Mahama reaffirmed his administration’s commitment to the sector’s revival.

“Plans are underway to revamp the collapsed cocoa sector. Incentives will be provided to our hardworking farmers to increase cocoa production. We aim to add 200,000 hectares of cocoa to Ghana’s output to boost farmers’ income,” he said.

“To cocoa farmers, the COCOBOD Chief Executive has informed me that in August, they will announce the new cocoa producer price. And I can assure you, the price is going to be a very, very, very good price,” he indicated.

Currently, the producer price stands at GH¢3,100 per 64kg bag, reflecting a marginal increase of 0.03% from the previous rate set in September for the 2024/2025 crop season.

This adjustment, equivalent to GH¢49,600 per tonne, aims to align cocoa prices with global market conditions and provide much-needed support to Ghanaian cocoa farmers.

SA/EB

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