Biggest Cocoa Growers Seek Larger Slice of Chocolate Profits
- Ivory Coast, Ghana in talks on how to better market cocoa
- ‘We have to make the chocolates ourselves,’ Ghana leader says
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The world’s biggest cocoa-growing nations in West Africa are targeting a larger slice of chocolate-making profits as most of the benefits of producing beans accrue outside their economies, Ghanaian President Nana Akufo-Addo said.
Farmers in Ivory Coast and Ghana, the two countries which account for more than 60 percent of global cocoa output, earned the equivalent of 5.5 percent of a value chain that was worth more than $100 billion in 2015, Akufo-Addo told Bloomberg Television’s Francine Lacqua in an interview at the Global Business Forum in New York. The nations’ governments are in regular talks about joint efforts to market cocoa better and develop new markets for the beans, he said.