Business News of Sunday, 8 February 2026Source: www.ghanaweb.comInternational buyers are increasingly turning away from Ghana’s cocoa, citing higher prices compared to beans from other producing countries, the Chief Executive Officer of Ghana Cocoa Board (COCOBOD), Dr Randy Abbey, has said. The challenge, he said, stems from Ghana’s pricing model, which guarantees farmers a relatively high return. This was set when global cocoa prices were strong, averaging around $7,200 per tonne. This has created a significant gap between Ghana’s cocoa and beans from competitors such as Côte d’Ivoire, Nigeria, Ecuador, and Brazil. With cocoa available across West Africa, Latin America, and Asia, Ghana faces mounting pressure to balance farmer welfare with market competitiveness.

Source: GhanaWeb February 08, 2026 08:48 UTC