In a significant move for the global cocoa industry, Ghana and Côte d’Ivoire — two of the foremost cocoa-producing nations — have committed to a series of measures aimed at fostering a “sustainable cocoa economy.” This pivotal agreement, signed on Tuesday in Abidjan by Ghanaian President John Mahama and Côte d’Ivoire’s Alassane Ouattara, positions cocoa farmers at the forefront of governance and equitable value distribution in the sector.
The outlined interventions include a plan to “harmonize Producer Pricing Policies” by establishing a unified framework that details the principles and methods for determining Producer Prices. Additionally, the two leaders emphasized the importance of enhancing Trading Room alignment and bolstering Market Intelligence. They also expressed a commitment to “add value by processing substantial volumes of cocoa locally,” thereby promoting consumption both locally and regionally.
