What is the price of cocoa beans per kilogram/pound in Ghana today?
The retail price range for Ghana cocoa beans is between US$ 2.39 and US$ 3.35 per kilogram or between US$ 1.09 and US$ 1.52 per pound(lb). Click here to see today's exact prices of cocoa beans in Ghana
The retail price range in Ghana Cedi for cocoa beans is between GHS 25.74 and GHS 36.04 per kilogram or between GHS 11.68 and GHS 16.35 per pound(lb) in Accra and Kumasi.
In 2023, the approximate wholesale price range for Ghana cocoa beans is between US$ 1.68 and US$ 2.35 per kilogram or between US$ 0.76 and US$ 1.06 per pound(lb).
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Ghana Cocoa Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Beans from Ghana over the last five years has been quite varied. In 2016, the price was 3.24 US $ per kg, followed by a decrease to 2.86 US $ per kg in 2017. Prices then rose slightly to 2.89 US $ per kg in 2018, before dropping to 2.88 US $ per kg in 2019. Unfortunately, due to the pandemic, the price dropped to 0.00 US $ per kg in 2020 and 2021. Based on this data, it is likely that the export price per kilogram of Cocoa Beans from Ghana will remain low in the next two years, with an estimated price of 2.85 US $ per kg in 2023 and 2.87 US $ per kg in 2024.
The cocoa beans exports from Ghana are categorised as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
Ghana Cocoa Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Beans into Ghana over the last five years has been quite volatile. In 2016, the price was at its highest at $3.24 per kg, before dropping to $2.62 in 2013. The price then rose again to $3.17 in 2015, before dropping to $2.86 in 2017. The price has remained relatively stable since then, with the price in 2018 and 2019 both being $2.89 per kg. The price for 2020 is currently at $0.00 per kg.
Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data from the last five years, it is likely that the price will remain relatively stable, with some fluctuations. It is possible that the price could rise to around $3.00 per kg in 2023, before dropping back to around $2.80 per kg in 2024.
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Export values for Ghana cocoa beans
The total values in export for cocoa beans in Ghana were US$ 1,642,052, US$ 2,437,194 and US$ 1,851,960 in US dollar thousand for the years 2017, 2018 and 2019 in that order.