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Story perspectives

Ghana and Ivory Coast Demand Higher Cocoa Prices

2/20/2025

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Summary

Story summary

Ivory Coast and Ghana, responsible for 60% of global cocoa production, seek a minimum price of $2,600 per tonne.
Ghanaian opposition MPs advocate for cocoa farmers to receive at least GH?7,000 per bag.
The government is contemplating increasing the producer price to 70% of the international market rate.
Farmers voice concerns over unfulfilled commitments from the National Democratic Congress (NDC) regarding cocoa pricing.

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Story summary

Ivory Coast and Ghana, responsible for 60% of global cocoa production, seek a minimum price of $2,600 per tonne.
Ghanaian opposition MPs advocate for cocoa farmers to receive at least GH?7,000 per bag.
The government is contemplating increasing the producer price to 70% of the international market rate.
Farmers voice concerns over unfulfilled commitments from the National Democratic Congress (NDC) regarding cocoa pricing.