On Thursday, 19th April 2023, Ghana and Cote d’Ivoire marked a significant milestone in their cooperation. The two countries commissioned the permanent headquarters of the Ghana-Cote d’Ivoire Cocoa Co-operation Initiative in Accra.
The event is a testament to the enduring bond between the two nations, and their shared commitment to the cocoa industry.
The beautiful edifice does not only signify what regional unity and co-operation can achieve, it also represents the shared aspiration for a prosperous cocoa economy, one that is modernised and industrialised, and delivering wealth to the millions of hard-working cocoa farmers and producers in Ghana and Cote d’Ivoire.
President Nana Addo said he was proud of the hard work by Ghana Cocoa Board and Le Conseil Du Café-Cacao of Cote d’Ivoire. He continued that it has resulted in a formalised international organisation, called The Cote d’Ivoire-Ghana Cocoa Co-operation Initiative.
He was also glad that the permanent headquarters is situated in Accra, the vibrant capital of Ghana, with an Ivorian national as its first Secretary-General.
“Young as this co-operation is, it has already chalked a number of successes. The first is the joint facility from the African Development Bank to finance productivity improvement, and increase domestic processing and consumption of Cocoa in Ghana and Côte d’Ivoire” , the President Nana Addo noted .
Earlier in 2019, Cote d’Ivoire and Ghana convened a global cocoa meeting in Accra, where both countries held a dialogue on a very important subject, a subject critical to the survival of the global cocoa supply chain – the crucial subject of cocoa farmers’ incomes. That meeting culminated in the adoption of the Living Income Differential for cocoa producers in the two countries, which involves the additional payment to cocoa farmers of four hundred United States dollars (US$400.00) per tonne on the world market price for every cocoa sold by the two nations. The payment was effective from the 2020/2021 season.
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