He added that both the government and COCOBOD’s Chief Executive Officer, Randy Abbey, should have acted swiftly to stabilise the situation upon taking office. Koomson emphasised that the cocoa sector, one of Ghana’s most vital economic pillars, must be treated with seriousness. In response to mounting financial pressures in the cocoa sector, the government last week announced a 28.6 percent cut in the producer price of cocoa. The new rate stands at GH¢41,392 per tonne, equivalent to GH¢2,587 per bag for the remainder of the 2025/2026 crop season. In October, Ghana revised the price upwards to GH¢58,000 per tonne (GH¢3,625 per bag) after Côte d’Ivoire announced a higher producer price, in a bid to stem cross-border smuggling.

Source: GhanaWeb February 16, 2026 17:57 UTC