November 7, 2024

Ghana: Cocoa farmers demand fair prices, sustainable practices

Ghanaian cocoa farmers are advocating for improved pricing and sustainable practices, submitting a formal grievance with Cocobod, the state cocoa regulator.

Signed by 30 farmers, the complaint highlights issues like low earnings, child labor, deforestation, and pesticide use, pushing for a “living income” and stricter oversight on corporate commitments to sustainability.


Also Read: BW Energy, partners sign new offshore exploration contracts in Gabon

This complaint leverages a $600 million loan arrangement by the African Development Bank, which mandates Cocobod’s grievance mechanism for addressing such concerns. Farmers demand “a higher price…a living income,” arguing that it would be a key step in combating child labor, according to the complaint obtained by Reuters.

While Cocobod recently increased farmer prices by nearly 45% for the 2024/25 season, low harvests and volatile global markets continue to challenge the industry.

The ongoing crisis has led to cocoa trading prices hitting historic highs, with December contracts exceeding $7,000 a ton.

The Civic Response non-profit, the University of Ghana School of Law, and Corporate Accountability Lab have supported the farmers’ submission, underscoring the need for transparency and sustainability across the cocoa supply chain.

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe To Our Newsletter