On Wednesday, February 11, 2026, Ghana's Cabinet convened an emergency session to review developments in the cocoa sector. The meeting considered historical and systemic challenges affecting the industry and took key decisions to address them.

The session noted that the 2025/26 cocoa season began in August 2025 with a Producer Price of GH¢51,660 per tonne, calculated as 70% of the Gross FOB of US$7,200 per tonne, using an exchange rate of 10.25 cedis to the US dollar.

However, on 1st October 2025, Côte d’Ivoire announced a new producer price 20% higher than Ghana’s, creating a significant price gap. Coupled with movements in the exchange rate, this difference had the potential to trigger substantial smuggling of Ghanaian cocoa to Côte d’Ivoire.

In response, the Producer Price Review Committee (PPRC) adjusted Ghana’s producer price to GH¢58,000 per tonne, reflecting an exchange rate of 11.5 cedis to the US dollar at the time. The committee said this adjustment made Ghana’s farmgate price competitive and helped stem potential smuggling of cocoa.

From October 2025, the World Market Price of cocoa began to decline. Despite this drop, COCOBOD continued selling beans until the price fell below US$6,400 per tonne, which represents the cost of cocoa from the farmer to the port.