ghana cocoa board

The quick read

What's driving the attention

Ghana's Parliament passed a new Cocoa Board Bill to guarantee cocoa farmers receive 70% of the export price, with discussions on processing targets and challenges.

The Ghanaian Parliament recently passed a Cocoa Board Bill aiming to secure 70% of the export price for cocoa farmers, a significant step to improve their earnings and livelihood. The reforms have received support from farmers' unions who view them as positive changes for the cocoa sector. However, some voices express concerns over meeting a 50% local cocoa processing target, citing potential supply and pricing challenges.