Ivory Coast is considering reducing the guaranteed farm gate price paid to its cocoa farmers to align with Ghana, as the world’s two largest cocoa producers grapple with a deepening crisis in the sector, according to a Reuters report.Ghana Travel Guide
The report said senior Ivorian officials indicated that all options are under consideration as the government debates whether to follow Ghana’s recent decision to cut its producer price by 28.6% for the remainder of the 2025/2026 main crop season.
Ghana announced the reduction as part of efforts to adjust to the sharp decline in global cocoa prices, in coordination with Abidjan.
The discussions between Ghana and the Ivory Coast, as well as internal deliberations within the Ivorian government, had not previously been made public, Reuters reported.
Under the Ivory Coast–Ghana Cocoa Initiative (ICCIG), the two countries, which together account for about 60% of global cocoa output, have been working closely since the onset of the crisis.
Another official noted that cocoa prices have fallen by nearly 50% in recent months, leaving the government with limited options.
“We must think about the survival of the cocoa sector in the Ivory Coast. We need to act; changes are underway,” the source said, without providing further details.
