Ivory Coast and Ghana control more than 60 percent of the global cocoa supply, cementing a powerful bilateral partnership designed to protect farmer revenues and influence international market prices, according to statements made in London by International Cocoa Organization (ICCO) producer country spokesperson Aly Touré.
Speaking on Friday, September 4, 2026, at the Embassy of Ghana in the United Kingdom, Touré praised Ghana’s central role in defending the income of local planters during a farewell ceremony for outgoing officials. According to reports from the venue hosted by Ghanaian diplomatic mission head Zita Sabah Benson, the event marked the departure of Fuad Abubakar Mohammed, who steps down on September 30 after a five-year tenure as managing director of the Ghana Cocoa Marketing Company (GCMC), a subsidiary of the Ghana Cocoa Board (COCOBOD).
The Côte d’Ivoire-Ghana Initiative and Market Influence
Touré emphasized the historical ties between Abidjan and Accra while championing the Côte d’Ivoire-Ghana Initiative, a strategic partnership established by the two neighboring governments to coordinate market policies and secure higher remuneration for cocoa farmers. According to an official statement released in Abidjan, the ICCO representative attended the London ceremony for three primary reasons: honoring bilateral ties, supporting the joint price-stabilization initiative, and fulfilling his duties as the spokesperson for ICCO producer nations.
Leadership Transition at the GCMC
Alongside the diplomatic tributes, the London gathering served as a networking platform for sector stakeholders. On the sidelines of the reception, Touré met with key players in the global cocoa supply chain to discuss pressing market dynamics.
The meetings also included discussions with Mohammed’s designated successor at the GCMC, identified in official communications as Kwamé.
Frequently Asked Questions
What is the Côte d’Ivoire-Ghana Initiative?
According to official trade disclosures, the Côte d’Ivoire-Ghana Initiative is a bilateral partnership between the world’s two largest cocoa producers designed to coordinate market strategies, improve farmer incomes, and influence global cocoa pricing.
How much of the global cocoa supply do Ivory Coast and Ghana produce?
Data from international cocoa authorities confirms that Ivory Coast and Ghana jointly account for more than 60 percent of global cocoa bean production.
Who is Fuad Abubakar Mohammed?
Fuad Abubakar Mohammed is the outgoing managing director of the Ghana Cocoa Marketing Company, a subsidiary of COCOBOD, who concluded a five-year term on September 30, 2026.