The Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI) has commended the government of Ghana on the official opening of its 2025/2026 cocoa season and the announcement of a new producer price that reflects a sustained commitment to the welfare of cocoa farmers This is contained in a press release dated August 5.
“The government increased producer price of cocoa from US $ 3.100/Ton to US$5.040/Ton, which is a record level and a clear demonstration of our members’ commitment to uphold their promise to cocoa farmers and strengthen the foundation for a fairer and more resilient cocoa economy,” a part of the press release reads.
“The CIGCI commends the Ghana Cocoa Board (COCOBOD) and applauds this bold step as an essential contribution to the ongoing efforts to create a more equitable and sustainable global cocoa market. For the past four years, Côte d’Ivoire and Ghana—representing over 60% of global cocoa production—have worked in close collaboration to align policies on farmgate pricing, market transparency, and value distribution. It is in this same spirit of cooperation and coordination that the new producer price was announced. This level of cooperation between the major producing countries is unprecedented on the African continent and reflects a shared vision of transformation in the cocoa sector,” the statement added.
“Since 2019, amid a volatile cocoa economy with market prices well below production costs, the two countries have closely collaborated to address entrenched market failures that had left cocoa producers holding the short end of the stick. A fair price to farmers is the first milestone to achieve a sustainable cocoa sector” Alex Assanvo, Executive Secretary, CIGCI said.
It assured that “Together with partners and stakeholders, we are working to make cocoa the world’s first truly sustainable commodity—one that is environmentally sound, economically viable, and socially just. The transformation of the cocoa sector can only be achieved if it is rooted in fairness and profitability for all, especially the cocoa farmer—without whom there is no cocoa, and no chocolate.”