{
  "id": 3703427,
  "title": "Cocoa bean exports to EU: Ghana ranked 4th in Africa – Fitch Solutions",
  "url": "https://urgent.news/2026/08/27/cocoa-bean-exports-to-eu-ghana-ranked-4th-in-africa-fitch-solutions-3703427",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-27T08:35:57.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/cocoa-bean-exports-to-eu-ghana-ranked-4th-in-africa-fitch-solutions/"
  },
  "original_language": "en",
  "account": "Ghana has been the fourth largest exporter of cocoa beans to European countries between 2021 and 2024, accounting for an average of 53.7% of the total, according to Fitch Solutions. Cameroon leads in cocoa bean exports to the EU, with a share of 74.7%, followed by Nigeria at 57.8% and Côte d'Ivoire at 57.4%. The firm predicts that increasing demand for sustainability and traceability in exports, particularly to the EU, will shape trade flows. West Africa remains the dominant player in global cocoa markets, contributing about 65% of global production and over half of global cocoa bean exports. However, the region's role in the cocoa value chain is primarily focused on upstream production, with most value addition happening elsewhere, particularly in Europe. Nigeria, Côte d'Ivoire, Ghana, and Cameroon together account for roughly 70% of global cocoa production but only capture about 6% of the value of a finished chocolate bar. Fitch Solutions suggests that the traditional model of exporting raw cocoa beans for processing in Europe will face increasing pressure in the coming years, impacting global cocoa trade flows. The UK-based firm emphasizes that West Africa's export profile shows a concentration in upstream products, while higher-value cocoa products are predominantly exported by the EU. In 2025, cocoa beans accounted for 5% of exports in Nigeria, 30% in Cameroon, and averaged 18% in Ghana and Nigeria, while processed and semi-processed goods made up a much smaller share, averaging 5% for cocoa paste, 4% for cocoa butter, and just 1% for cocoa powder. The EU has consistently accounted for about two-thirds of global chocolate exports over the past five years, indicating that most value addition in the cocoa supply chain occurs outside producing countries.",
  "summary": "Ghana was ranked 4th in terms of cocoa bean exports to Europe between 2021 and 2024, averaging 53.7%, Fitch Solutions has revealed. Cameroon was the biggest exporter of cocoa beans to EU with 74.7%, followed by Nigeria, 57.8% and Côte d’Ivoire, 57.4%. The UK-based firm said while domestic processing offers one avenue for capturing greater value, […]",
  "key_points": [
    "Ghana ranks 4th in Africa for cocoa bean exports to EU, averaging 53.7% share.",
    "Cameroon leads in cocoa bean exports to EU with 74.7% share, followed by Nigeria at 57.8%.",
    "West Africa dominates global cocoa production (65%) but contributes only 6% to chocolate bar value."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "Cocoa bean exports to EU: Ghana ranked 4th in Africa – Fitch Solutions",
        "url": "https://urgent.news/2026/08/27/cocoa-bean-exports-to-eu-ghana-ranked-4th-in-africa-fitch-solutions",
        "published": "2026-08-27T08:24:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}