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July 2026…
The West African producers from Côte d’Ivoire, Ghana, Nigeria and Cameroon met in Abuja, the Nigerian capital, on 16 July, where they signed a joint declaration to work toward more local processing of cocoa butter and powder while discouraging raw cocoa exports. Beyond local processing, they pledged to provide incentives for the local manufacture of chocolates and other chocolate products. The four countries account for more than two-thirds of global production.
Nigerian minister of state for industry, John Owan Enoh, said the declaration is a rejection of an inherited colonial trade structure that condemned Africa to shipping raw materials and buying expensive finished goods made with them.
“For a hundred years, Africa has sent its cocoa to the world in sacks and received it back in wrappers,” Enoh said. “We are not interested in exporting anonymous sacks any more.”
The CEO of the Ghana Cocoa Board Ransford Abbey told reporters that African producers received only about 10 billion to 15 billion dollars of the value generated by the global cocoa-products industry, estimated to be worth more than 130 billion dollars. “European countries export more than 28 billion dollars of chocolate products annually, using cocoa imported from Africa,” he said.
The four African producers will also adopt a common position in negotiations on the European Union Deforestation Regulation, set to come into effect on 30 December. This requires that all cocoa exported to the EU must be traceable to where it was produced to ensure that did not cause deforestation…
Source: african.business
