The Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI) has commended the Government of Ghana for officially launching the 2025/2026 cocoa season and announcing a significant increase in the producer price for cocoa.

In a statement issued on August 5, 2025, CIGCI described the new producer price of US$5,040 per tonne—a jump from the previous US$3,100—as a historic milestone that reflects Ghana’s unwavering commitment to fair and equitable compensation for cocoa farmers.

“This record price signals Ghana’s dedication to supporting its farmers and reinforces the shared vision of our member countries to create a more resilient, fair, and sustainable cocoa economy,” the statement read.

CIGCI extended its appreciation to the Ghana Cocoa Board (COCOBOD) for its leadership and decisive action, describing the move as a critical contribution to broader regional efforts to reform the cocoa sector.

The organisation highlighted the ongoing collaboration between Ghana and Côte d’Ivoire—who together produce over 60% of the world’s cocoa—as essential in advancing coordinated policies on farmgate pricing, market transparency, and equitable value distribution.

Since 2019, the two countries have led initiatives to address systemic challenges in the global cocoa market, particularly the issue of low farmgate prices that often fall below production costs.

“In a sector long plagued by market failures, a fair price is the foundational step toward building a truly sustainable cocoa industry,” CIGCI stated.

CIGCI reaffirmed its commitment to partnering with governments, industry stakeholders, and development partners to transform cocoa into the world’s first fully sustainable commodity—one that is environmentally sound, socially equitable, and economically viable.