The Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI) has lauded Ghana on its official opening of the 2025/2026 cocoa season and the announcement of an increase in the producer price for the crop season.

In a statement released by the initiative on August 5, 2025, as sighted by GhanaWeb Business, CIGCI emphasised that the new price of US$5,040 per tonne, up from US$3,100, marks a record high and demonstrates Ghana’s continued commitment to ensuring fair compensation for its cocoa farmers.

CIGCI said the move reinforces the shared vision of its members to build a fairer, more resilient, and sustainable cocoa economy.

It, however, extended its appreciation to the Ghana Cocoa Board (COCOBOD) for the decisive action contributing meaningfully to ongoing regional efforts to transform the cocoa sector.

Over the past four years, Côte d’Ivoire and Ghana, together accounting for more than 60% of global cocoa production, have coordinated policies on farmgate pricing, market transparency, and value distribution.

“Since 2019, amid a volatile cocoa economy with market prices often falling below production costs, the two countries have worked closely to correct deep-seated market failures that disadvantaged farmers. A fair price is the first milestone toward a sustainable cocoa sector," it stated.

CIGCI, however, reaffirmed its commitment to working with governments, industry partners, and stakeholders to make cocoa the world’s first truly sustainable commodity, one that is environmentally sound, economically viable, and socially just.

SP/AE

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