Africa: Ghana, Cote d'Ivoire Move to Address Unfavorable Cocoa Pricing Regime

press release

Ghana and Cote d'Ivoire are working together to address the unfavorable global cocoa pricing regime to reduce the vulnerability of both nations to the volatility of the markets, President Nana Addo Dankwa Akufo-Addo has said.

He described as "manifest injustice" the situation where, for the 2015 Crop Season, both countries earned for their output, which accounted for 65 per cent of the worlds cocoa production, only 5.75 million dollars at a time when the global market was worth some 100 billion dollars.

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