ECOCARE HOLDS INTERNATIONAL CONFERENCE ON COCOA PRICING.
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ECOCARE HOLDS INTERNATIONAL CONFERENCE ON COCOA PRICING.



Story by Abraham Joash Amaakwei Akadja



EcoCare Ghana collaboration with ClientEarth, TaylorCrabbe, Initiative, Fern and Ghana Civil Society Cocoa Platform GCCP has began a two-day international cocoa conference with the theme, “Securing Equitable Living Income for Cocoa Farmers” today November 10 2020.


The conference brought together organisations and individuals such as cocoa farmers, non-governmental organisations and private sector actors who have been involved in cocoa supply chain in West Africa sub-region to share experiences and strategies to guarantee price stabilization for cocoa farmers.


The conference aims at clarifying the applicable regulatory framework governing cocoa production and trade and bringing relevant stakeholders together to discuss and develop concrete workable strategies and roadmap maps to address pricing challenges in cocoa sector; with emphasis on guaranteeing sustainable cocoa production.



Earlier on Ghana and Cote d'Ivoire formed a partnership in July 2019 which has been referred to as “an OPEC of cocoa” which led to the two counties imposing a pricing mechanism which help producers earn a living wage. This pricing mechanism was based on a projected floor price of $2600 dollar per tone of cocoa. 



Unfortunately, a recent cocoa barometer report which depicts distribution of the cocoa sector profits amongst its value chain observed and unfair distribution of the value and power in the cocoa value chain as part of the root causes of extreme poverty most cocoa farmers in West Africa. 


At the same time, the cocoa supply chain is increasingly dominated by select group of large corporations where mergers and takeovers have resulted in just few companies dominating up to eighty percent (80%) of the whole value chain while farmers lack a  sufficient and organized voice to be strong actors in the chain.



Speaking to the managing campaigner  for EcoCare Ghana, Mr. Obed Owusu – Addai, he indicated that those who survive are those that have large-scale farms but in Ghana the average cocoa farm size is 2 to 3 acres hence cocoa farmers in Ghana are unable to sustain themselves and their families.


He added that “Currently the international cocoa price are way low and farmers are not getting the exact benefits that they are entitled to. Those up the value chain are getting more than those below which is the Farmers are getting nothing out of it”.


Mr. Obed Owusu-Addai  applauded the government for increments of cocoa price since they will help in making the farmers have fair share of value.

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