President John Dramani Mahama has announced that a new and significantly favourable cocoa producer price will be unveiled in August 2025, offering a major incentive to farmers across the country.

Speaking during his Thank You tour in the Ahafo Region on Saturday, May 31, President Mahama assured cocoa farmers of his administration’s commitment to revitalising the cocoa sector, which he said has faced significant setbacks in recent years.

“Plans are underway to revamp the collapsed cocoa sector,” the President stated.

“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 in order to increase the income of our farmers.”

Addressing a gathering of farmers and community members, President Mahama disclosed that the Chief Executive of COCOBOD had briefed him on preparations to announce the new cocoa price in August.

“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 said.

Encouraging more Ghanaians to venture into cocoa farming, he added, “So those of you who don’t have cocoa farms, go and start looking for land and start planting cocoa.”

The President’s remarks come as part of a broader government strategy to rejuvenate Ghana’s agricultural base and empower rural communities.

The promise of a favourable cocoa price is expected to energise cocoa-producing regions and restore confidence in the industry.