• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Ghana, Côte d’Ivoire to see Limited Gains From Higher Cocoa Prices – Fitch Solutions

2 months ago
in Agribusiness, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
264
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana, Côte d’Ivoire to see Limited Gains From Higher Cocoa Prices – Fitch Solutions

Despite global cocoa prices reaching historic highs, Africa’s top producers—including Ghana and Côte d’Ivoire—are expected to capture only limited economic benefits, according to new analysis from Fitch Solutions.

The research firm noted that average cocoa prices hit US$8,900 per tonne in the first seven months of 2025, more than three times the 2005–2023 average of US$2,500 per tonne, driven by climate-related supply disruptions in West Africa that resulted in three consecutive years of global deficits.

Although Fitch projects prices will ease to an average of US$6,900 per tonne over 2026–2030 as global stocks recover, levels will still remain well above the historical trend. However, it cautioned that structurally higher prices are unlikely to deliver significant economic windfalls for Ghana and Côte d’Ivoire.

“Our view that structurally higher cocoa prices will not create major economic windfalls for Africa’s cocoa-producing nations in the coming years rests on three key factors,” Fitch Solutions stated.

Limited feedthrough to farmers

The world’s two largest cocoa producers set farmgate prices through government-run marketing boards. While both Ghana and Côte d’Ivoire have increased farmgate prices in recent seasons, Fitch noted that “the gap between farmgate and international prices remains wide.”

RelatedPosts

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

Cedi@60: Fiscal Discipline Key to Preserving Monetary Independence – BoG Governor

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

Fiscal and operational constraints limit governments’ ability to pass on global price gains, meaning farmers’ incomes, though improved, remain far below international benchmarks. This restricts the broader impact on household consumption and domestic demand.

Smuggling risk

The persistent price gap, Fitch warned, is fuelling smuggling into neighbouring countries such as Guinea, Liberia, Sierra Leone and Togo, where cocoa prices are not government-controlled.

“As Ivorian and Ghanaian farmers will be able to access higher prices in neighbouring countries, we anticipate that smuggling activity will intensify,” Fitch said, pointing to unexplained export surges in those markets as evidence of cross-border diversion.

While such activity boosts export earnings in neighbouring economies, it undermines Ghana and Côte d’Ivoire’s foreign exchange inflows. Fitch added that although current risks are cushioned by elevated gold prices, sustained cocoa smuggling will erode the two countries’ resilience to future external shocks.

Tags: cocoa pricesCôte d’Ivoire to see Limited Gains From Higher Cocoa Prices - Fitch SolutionsFitch Solutionsghana

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

CHAG Takes Full Leadership of its Safecare Journey After PharmAccess Handover

Cedi@60: Finance Minister Reiterates Call for Exclusive Use of Cedi in Domestic Transactions

Cedi@60: Vice President Calls for Sustained Fiscal Discipline, Commends BoG for Restoring Confidence in the Cedi

Cedi@60: BoG Governor Hails Currency’s Resilience, Pledges Stronger Policy Transparency and Digital Innovation

GAB CEO Urge Ghanaians to Prioritise Use of Cedi 

Trending

Features

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

October 28, 2025

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️ Nestlé Ghana will soon launch a new...

Cedi@60: Fiscal Discipline Key to Preserving Monetary Independence – BoG Governor

October 28, 2025

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

October 28, 2025

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

October 28, 2025

CHAG Takes Full Leadership of its Safecare Journey After PharmAccess Handover

October 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.