FACT-CHECK: Finance Minister’s claim that Ivory Coast’s cocoa price ‘is far lower than that of Ghana’ is False

Claim: Price of cocoa in Ivory Coast is far lower than Ghana’s 

Source: Ato Forson, Finance Minister

Verdict: False

Researched by Nusrat Essah

The Finance Minister, Cassiel Ato Forson, claimed in a press briefing on February 12, 2026, that cocoa price in Ivory Coast is far lower than that of Ghana.

Speaking about Ghana’s revised cocoa producer price, Ato Forson compared the two countries’ prices stating:  

“Today, if you go to Abidjan, it is obvious that their price is far lower than that of Ghana, and that is why now we are not even seeing our cocoa going to Abidjan, the farmer has no incentive to smuggle the cocoa to Abidjan. If care is not taken we will see reverse smuggling…” (watch from 20 mins:30secs) 

RelatedNews

Ivory Coast now paying lower cocoa producer price compared to Ghana

FACT-CHECK: Miracles Aboagye’s claim that world market price of cocoa reached $13,000 in 2025 is False

Fact-Checking COCOBOD CEO’s claims on 2016, 2024 equity and debt he inherited 

Ghana’s ‘historic’ 3.8% inflation and analysis of annual trends under the 4th Republic [Charts]

This report seeks to verify whether cocoa producer price in Ivory Coast is indeed far lower than that in Ghana.

Fact-Check

GhanaFact compared the latest official cocoa prices announced by both governments. Ghana’s current cocoa price, as announced by the finance minister, is GH¢ 2,587 per bag and GH¢ 41,392 per metric tonne equivalent to US$ 3,770. 

According to a press statement published by the Ivorian Press Agency (Agence Ivoirienne de Presse, AIP) on February 13, 2026, “price of cocoa set for the main 2025-2026 campaign at 2800 CFA per kilogram (2,800,000 CFA Francs per tonne), throughout the national territory, remains unchanged until March 31, 2026.” This price, 2,800,000 CFA Francs per tonne, is equivalent to US$5,060.

The amount is in line with the season opening price announced by President Alassane Ouattara on October 1, 2025 at 2,800 CFA francs per kilogram and 2,800,000 CFA Francs per metric tonne. 

A comparison of the figures when converted into the same currency shows that the cocoa price per tonne in Ivory Coast (US$ 5,060) is higher than Ghana’s (U.S$ 3,770).

Verdict

Therefore, the claim that the current cocoa price in Ivory Coast is far lower than Ghana’s is False.