Ghana and Côte d’Ivoire signs the Côte d’Ivoire – Ghana Cocoa Initiative

The CEO of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo says the country is ready to welcome and accept other cocoa-producing countries in the sub-region to the Côte d’Ivoire-Ghana Cocoa Initiative.

Even though the initial agreement is between the two largest cocoa-producing countries in Africa, Ghana and Côte d’Ivoire, the secretariat says it won’t mind to include other Africa countries in cocoa production.

Ghana and Côte d’Ivoire on Thursday signed an agreement between the Government of Ghana and the Côte d’Ivoire –Ghana Cocoa Initiative, which makes Ghana the host of the secretariat, with the sole responsibility of providing a permanent place for the smooth running of the organization.

Speaking at the signing ceremony in Accra, Mr. Boahen Aidoo said its doors are open wide to receiving other cocoa-producing African Countries to the agreement.

“A number of countries are knocking on the doors of the initiative to join. A day is therefore coming when the secretariat in Accra will serve not only Ghana and Côte d’Ivoire, but all cocoa-producing countries in the West African Sub-region and beyond. The decision to bring the secretariat to Accra has gained more weight and leverage with the physical presence of the secretariat of the African Continental Free trade Area (AfCFTA) already in Accra,” he said.

One Monumental achievement of the Côte d’Ivoire – Ghana Cocoa Initiative is the Living Income Differential (LID) which seeks to improve the earning of cocoa farmers in Ghana and Côte d’Ivoire. Though the LID is due to come into effect in October, the new initiative marks a formal step towards closer ties and is aimed at promoting its cocoa industries internationally.

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