Ghana and Côte d'Ivoire Coordinate Cocoa Pricing Strategy in New Agreement: AllAfrica
Two of the world’s top cocoa producers have committed to a series of measures aimed at fostering a “sustainable cocoa economy.” The agreement, signed jointly by Ghanaian President John Mahama and Côte d'Ivoire’s Alassane Ouattara on Tuesday in Abidjan, prioritizes placing farmers at the core of sector governance and value distribution.
Among the key initiatives, the two nations agreed to harmonize their Producer Pricing Policies by adopting a unified framework that outlines the principles and methodology for setting Producer Prices, while also enhancing coordination through Trading Room alignment and improved Market Intelligence. Additionally, both presidents pledged to boost local value addition by processing significant volumes of cocoa domestically and encouraging increased local and regional consumption.
