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Business & Economy

COCOBOD Signs Declaration of Intent to Cooperate with Brazil to Strengthen Cocoa Sector 

The $1Bn Cocoa Financing Bond: Analyst Raises 12 Critical Red Flags Over New Financing Model
Randy Abbey, CEO, COCOBOD
Stanley Senya
Feb 1, 2025

The Ghana Cocoa Board (COCOBOD) has signed a Declaration of Intent to Cooperate with Apex Brasil and the Brazilian Ministry of Agriculture and Livestock to strengthen bilateral collaboration in the cocoa sector. 

The signing took place during a high-level meeting at Cocoa House in Accra as part of a Brazilian Presidential Mission to Africa.

The Brazilian delegation, led by Marirana Madeira, the Brazilian Ambassador to Ghana, officials from Apex Brasil, and the Brazilian Ministry of Agriculture, engaged COCOBOD’s Acting Chief Executive and his management team in discussions on enhancing technical and economic cooperation between the two nations. 

The discussions focused on leveraging Brazilian technology to improve cocoa productivity, exchanging best practices in disease management, and fostering research collaboration between Brazil’s cocoa sector and the Cocoa Research Institute of Ghana (CRIG).

A key concern raised by the delegation was the global cocoa economy and pricing dynamics. 

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The meeting also emphasized the importance of collaborating among the world’s five largest cocoa-producing nations – Côte d’Ivoire, Ghana, Brazil, Nigeria, and Ecuador – to improve farmer incomes and promote sustainability in the cocoa value chain.

The visit further explored areas of scientific cooperation, including joint research on cocoa flavour analysis and strategies for managing cocoa diseases such as Witches’ Broom in Brazil and Cocoa Swollen Shoot Virus Disease (CSSVD) in Ghana. 

Additionally, the delegation expressed interest in Ghana and Côte d’Ivoire’s Living Income Differential (LID) of US$400 per tonne, a model that ensures better earnings for cocoa farmers.

The agreement marks a significant step towards strengthening bilateral relations, promoting sustainable cocoa farming, and enhancing research collaborations between Ghana and Brazil.

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