The Ghana Cocoa Board (COCOBOD) has called on international partners and cocoa buyers to institute a fair and transparent pricing structure that ensures sustainability in the global cocoa industry.
Speaking at the launch of the 2027 World Cocoa Foundation Partnership Meeting, Chief Executive Officer of COCOBOD, Dr Randy Abbey, said the Finance Ministry and its partners are working together to ensure the financial viability and long-term survival of the cocoa sector, which remains a key contributor to Ghana’s economy.
According to him, the sustainability of the cocoa industry should not rest solely on producing countries.
Dr. Abbey noted that at the 2027 Partnership Meeting, COCOBOD will again call on international partners, chocolate manufacturers, and buyers to step up efforts to ensure fairness in the global cocoa value chain, stressing that compliance with regulations should not become a burden on farmers.
“We need a fair, transparent pricing structure that reflects the true cost of sustainable production,” he stated.
Touching on challenges facing cocoa production, he said the sector continues to struggle with disease outbreaks, climate change pressures, supply disruptions, farmer income concerns, and long-term sustainability issues.
He further explained that government will continue to introduce various interventions to support farmers and maintain a sustainable cocoa industry.
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