Ghana's cocoa industry regulator has proposed a 6% increase in farmer payments for the 2026-27 season, setting the farmgate price at 2,737 cedis ($240) per 64-kilogram bag. This adjustment would widen the price gap with neighboring Ivory Coast, potentially encouraging increased smuggling across the border. The proposal, currently subject to finance minister approval, marks a significant shift in Ghana's pricing strategy as the new season begins this month.

Industry analysts warn the price differential could disrupt cross-border trade dynamics. The move comes amid ongoing global cocoa market volatility and efforts by producing nations to balance farmer welfare with market competitiveness. Ghana remains a pivotal player in the world's cocoa supply chain, second only to Ivory Coast in production volume.