Ghana to Overhaul Domestic Cocoa Pricing as Futures Plunge

Ghana is seeking to overhaul the long-time pricing regime used to pay farmers for their cocoa, a sign of the pressure a boom-and-bust in the futures market has put on major growers.

The world’s second-biggest producer of the chocolate-making ingredient plans to introduce a flexible pricing system, linked with international prices of the commodity, Minister of Finance Cassiel Ato Forson told reporters in the capital, Accra, after a high-level government meeting to discuss the course of action following the slump in futures prices.