Cocoa
COCOBOD's declared purchases (production in the 2020/21 report) were 835,466 t in 2012/13, 969,540 t in 2016/17, 770,694 t in 2019/20 and 1,047,385 t in 2020/21, the last season with a published annual report1234. For 2023/24 a Cabinet release published by COCOBOD gives actual production of 432,145 t against 786,672 t contracted in advance, while the 2026 Budget gives output of 530,783 t for 2023/24 and 603,840 t for 2024/25, and the two sources are not reconciled56. The World Bank reports average cocoa yields of 541 kg/ha in 2018–2021, and a 2017 survey cited by COCOBOD found 315,886 ha of 1.9 million ha of cocoa farms lost to swollen shoot virus disease78.
The producer price rose from GH¢7,600 per tonne in 2016/17 to GH¢58,000 from 3 October 2025, was set at GH¢41,392 from 12 February 2026 and at GH¢42,400 for 2026/27, about US$3,770 at the Bank of Ghana rate of end-August 2026 (own conversion)2951011. In July 2025 COCOBOD described a stabilisation support that kept the price at GH¢49,600 per tonne when the nominal price was US$3,10012. The 2026/27 price represents 71.18% of the realised gross FOB value, and COCOBOD states that the Ghana Cocoa Board Act, 2026 guarantees farmers at least 70%10.
| Effective date | Season | GH¢ per tonne | GH¢ per 64-kg bag | Basis stated |
|---|---|---|---|---|
| 1 Oct 2020 | 2020/21 | 10,560 | 660 | Living Income Differential of US$400/t applied |
| 8 Oct 2021 | 2021/22 | 10,560 | 660 | 87.15% of FOB |
| 7 Oct 2022 | 2022/23 | 12,800 | 800 | |
| Season opening (date not stated) | 2023/24 | 20,928 | 1,308 | |
| 5 Apr 2024 | 2023/24 | 33,120 | 2,070 | |
| 11 Sep 2024 | 2024/25 | 48,000 | 3,000 | |
| 8 Nov 2024 | 2024/25 | 49,600 | 3,100 | US$3,100/t, 63.9% of FOB |
| 7 Aug 2025 | 2025/26 | 51,660 | 3,228.75 | 70% of gross FOB of US$7,200 |
| 3 Oct 2025 | 2025/26 | 58,000 | 3,625 | |
| 12 Feb 2026 | 2025/26 | 41,392 | 2,587 | 90% of achieved gross FOB of US$4,200 |
| 25 Sep 2026 | 2026/27 | 42,400 | 2,650 | 71.18% of realised gross FOB |
Food crops
MoFA estimated maize production at 3.20 million t in 2021, up from 1.95 million t in 2012, and paddy rice at 1.14 million t, up from 0.48 million t26. Cassava (25.0 million t), yam (10.3 million t) and plantain (6.2 million t) were the largest crops by weight in 202126. Average yields in 2021 were below the potential rain-fed yields published by MoFA for each of the eleven selected food crops shown, from 35.3% of potential for yam (as printed) to 84.5% for sorghum26. MoFA has not published estimates after 2021, and FAOSTAT shows maize at 3.79 million t and paddy rice at 1.72 million t in 2024, the maize figure from international organisations27.
| Crop | Production ('000 t) | Area ('000 ha) | Average yield (t/ha) | Potential yield (t/ha) |
|---|---|---|---|---|
| Cassava | 24,997 | 1,051 | 23.77 | 45.00 |
| Yam | 10,278 | 551 | 18.64 | 52.00 |
| Plantain | 6,177 | 448 | 13.79 | 38.00 |
| Maize | 3,203 | 1,266 | 2.53 | 5.50 |
| Cocoyam | 1,650 | 219 | 7.54 | 20.00 |
| Rice (paddy) | 1,143 | 357 | 3.20 | 6.00 |
| Groundnut | 502 | 273 | 1.84 | 3.50 |
| Sorghum | 324 | 192 | 1.69 | 2.00 |
| Cowpea | 300 | 180 | 1.67 | 2.50 |
| Soya bean | 218 | 126 | 1.73 | 3.00 |
| Millet | 188 | 125 | 1.50 | 2.00 |
Livestock and fish
FAOSTAT records 9.58 million goats, 6.18 million sheep and 2.36 million cattle in 2024, values imputed by FAO from earlier MoFA projections2726. Fish production was 628,617 t in 2021, of which 393,970 t marine, 145,272 t inland and 89,375 t from aquaculture26. Ghana imported US$208.7 million of fish and seafood in 2025, 30.4% of it from Mauritania (own calculation)28.
| Product | Production | World rank | Countries reporting | FAOSTAT flag |
|---|---|---|---|---|
| Yams | 10.11 million t | 2 | 59 | Imputed |
| Cocoa beans | 530,000 t | 3 | 57 | From international organisations |
| Cassava | 27.92 million t | 4 | 97 | Imputed |
| Plantains and cooking bananas | 4.42 million t | 4 | 51 | Estimated |
| Cowpeas | 324,088 t | 4 | 41 | Imputed |
| Cashew nuts in shell | 218,576 t | 5 | 34 | Imputed |
| Taro (cocoyam) | 1.77 million t | 5 | 52 | Imputed |
| Oil palm fruit | 3.21 million t | 9 | 43 | Imputed |
Trade
The map shows where Ghana's agri-food products go and where they come from. In 2025 Ghana reported US$6,319.8 million of agri-food exports and US$2,903.7 million of imports28. The Netherlands was the largest buyer, at US$1,367.7 million, 91.2% of it cocoa and cocoa products, followed by the United States (US$942.9 million) and India (US$564.8 million, 88.0% of it fruit and nuts) (own calculations)28. EU-27 members took 47.2% of agri-food exports (own calculation)28. On the import side Vietnam supplied US$268.7 million, 97.7% of it cereals, and Brazil US$249.1 million, including sugar (US$72.5 million) and meat (US$62.2 million) (own calculation)28.
Agri-food exports were between US$3.05 billion and US$4.81 billion a year in the years reported in 2015–2024 (no data for 2020) and US$6.32 billion in 2025, when cocoa and cocoa product exports reached US$4.47 billion against US$2.01 billion in 202430. COCOBOD's FOB reference for the producer price was US$4,850 per tonne for 2024/25 and US$7,200 for the opening price of 2025/2624. Cereal imports fell from US$838.3 million in 2015 to US$255.9 million in 2024 and were US$383.2 million in 202530. Ghana ratified the African Continental Free Trade Area agreement on 7 May 2018, and its stepping-stone Economic Partnership Agreement with the EU has been provisionally applied since 15 December 20163132.
| Rank | Export partner | US$ m | Import partner | US$ m |
|---|---|---|---|---|
| 1 | Netherlands | 1,367.7 | Vietnam | 268.7 |
| 2 | United States | 942.9 | Brazil | 249.1 |
| 3 | India | 564.8 | China | 173.7 |
| 4 | Belgium | 398.8 | Belgium | 173.4 |
| 5 | France | 335.2 | Canada | 156.6 |
| 6 | United Kingdom | 242.5 | Argentina | 143.8 |
| 7 | Malaysia | 223.5 | Netherlands | 131.3 |
| 8 | Germany | 214.9 | United States | 126.3 |
| 9 | Japan | 206.6 | Türkiye | 119.7 |
| 10 | Spain | 194.4 | Malaysia | 97.7 |
| Total | All partners | 6,319.8 | All partners | 2,903.7 |
Prices
Food inflation reached 61.0% in January 2023 and fell to 2.2% in April 2026, and in September 2026 it was 3.98% against headline inflation of 5.22%33. Annual average food inflation was 47.8% in 2023, 24.6% in 2024 and 16.9% in 202533. MoFA's rural wholesale price of maize rose from GH¢870 per tonne in 2012 to GH¢2,712 in 2021, and no later official staple price series was found26. The Tree Crops Development Authority set a minimum price of GH¢9.01 per kg of raw shea nut from 1 June 202634.
Sources cited on this page
- 44th Annual Report and Financial Statements 2012/2013 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- 48th Annual Report and Financial Statements 2016/2017 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- 51st Annual Report and Financial Statements 2019/2020 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- 52nd Annual Report and Consolidated Financial Statements, year ended 30 September 2021 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- Press release on cocoa sector reforms for financial viability and long-term sustainability (Cabinet), 12 February 2026 (web page) — Ghana Cocoa Board (COCOBOD)verified
- 2026 Budget Statement and Economic Policy (PDF) — Ministry of Finance (MoF), Ghanaverified
- Project Appraisal Document, Ghana Tree Crop Diversification Project (P180060), 26 May 2023 (PDF) — World Bankverified
- COCOBOD to hand over rehabilitated cocoa farms to farmers, 14 April 2022 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Review of producer price for the 2025/26 cocoa season (statement of the Minister for Finance), 2 October 2025 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Review of the producer price of cocoa for the 2026/27 cocoa season, 25 September 2026 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Exchange Rate, Monthly Exchange Rates Indicators, inter-bank GH¢/US$ end period and month average (web page) — Bank of Ghana (BoG)verified
- Factsheet: COCOBOD price stabilisation support, 15 July 2025 (web page) — Ghana Cocoa Board (COCOBOD)verified
- 46th Annual Report and Financial Statements 2014/2015 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- 47th Annual Report and Financial Statements 2015/2016 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- 49th Annual Report and Financial Statements 2017/2018 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- 50th Annual Report and Financial Statements 2018/2019 (PDF) — Ghana Cocoa Board (COCOBOD)verified
- 2019 Budget Statement and Economic Policy (PDF) — Ministry of Finance (MoF), Ghanaverified
- Cocoa producer price goes up 28% from GH¢515 to GH¢660 per bag, 24 September 2020 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Government maintains cocoa producer price for the 2021/2022 crop year, 1 October 2021 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Cocoa producer price goes up 21% to GH¢800 per bag, 6 October 2022 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Review of the producer price of cocoa for the 2024/2025 cocoa season, 11 September 2024 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Review of the producer price of cocoa for the 2023/24 cocoa season, 5 April 2024 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Increase in producer price of cocoa, 10 November 2024 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Government announces producer price of cocoa for the 2025/2026 cocoa season (statement of the Minister for Finance), 4 August 2025 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Government maintains producer price of cocoa for the 2025/26 light crop season, 12 June 2026 (web page) — Ghana Cocoa Board (COCOBOD)verified
- Agriculture in Ghana: Facts & Figures 2021 (30th edition), September 2022 (PDF) — Ministry of Food and Agriculture (MoFA), Statistics, Research and Information Directorate (SRID)verified
- FAOSTAT Production: Crops and livestock products, bulk download for Africa (CSV, file of 31 December 2025) — Food and Agriculture Organization of the United Nationsverified
- UN Comtrade – Ghana, agri-food trade (HS chapters 01–24) by partner, 2025 (public preview API, JSON) — United Nations Statistics Divisionverified
- FAOSTAT Production: Crops and livestock products, bulk download all countries (CSV, file of 31 December 2025) — Food and Agriculture Organization of the United Nationsverified
- UN Comtrade – Ghana, agri-food trade by HS chapter (01–24), world partner, 2015–2025 (public preview API, JSON) — United Nations Statistics Divisionverified
- Status list of the Agreement Establishing the African Continental Free Trade Area, 22 May 2026 (PDF) — African Union Commissionverified
- Access2Markets, EU–Côte d'Ivoire and Ghana Economic Partnership Agreements (web page) — European Commissionverified
- September 2026 CPI COICOP Annexes, new series 2021 = 100 (XLSX) — Ghana Statistical Service (GSS)verified
- TCDA announces minimum producer price for raw shea nut for the 2026 crop season (web page) — Tree Crops Development Authority (TCDA)verified
- World Development Indicators – Inflation, consumer prices (annual %), FP.CPI.TOTL.ZG (API, JSON) — World Bankverified
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