
Côte d’Ivoire Raises Cocoa Prices, Defends Price Stability Amidst Farmer Frustration
COCOBOD has opted to maintain the current cocoa producer price despite Côte d’Ivoire's increase, sparking concern among farmers amid regional price disparities.
Ghana Holds Steady While Côte d’Ivoire Moves Ahead — Why?
In a development that’s triggering serious discussion across West Africa’s cocoa belt, the Ghana Cocoa Board (COCOBOD) has announced it will maintain the cocoa producer price at GH₵3,100 per 64kg bag for the 2025/2026 season. This decision comes despite Côte d’Ivoire’s recent hike in farmgate prices, raising eyebrows among stakeholders and cocoa farmers alike.
“After careful consideration of the operational and financial implications for the cocoa industry, we’ve opted for price stability,” said Dr. James Kofi Kutoati, Acting Deputy Chief Executive, Operations at COCOBOD, in a letter to LICOBAG dated April 8, 2025.
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Ghana’s Cocoa Price Strategy: COCOBOD’s 3-Point Justification
- Market Stability: Ensures cocoa sector remains resilient in fluctuating global conditions.
- Sustainability Focus: Aims to protect long-term profitability and avoid abrupt market shocks.
- Joint Coordination with Côte d’Ivoire: COCOBOD hints at future reviews under the Cocoa Initiative framework for fairer regional pricing.
Editor’s Note: Is Ghana Falling Behind in Farmer Protection?
As both Ghana and Côte d’Ivoire jointly supply over 60% of the world’s cocoa, there are growing calls for greater price alignment between the two countries. Some farmers and analysts worry Ghana may be lagging in efforts to secure better living wages for its producers.
Localized Impact: Regions Affected Most by Cocoa Price Freeze
Ashanti, Western North, and Bono Regions — areas with the highest cocoa output in Ghana — could feel the pinch as farmers recalculate their margins amidst inflation.
(Swipe to see region-by-region breakdown → Embedded Ghana Map with Cocoa Production Zones)
3-Step Action Plan for Cocoa Farmers
- Join Cooperative Bodies for stronger negotiation power.
- Invest in Yield-Boosting Techniques to counterbalance fixed prices.
- Engage Policymakers through farmer forums and district advocacy groups.
Source:
citinewsroom.com