The LID Unlidded: West African Countries’ United Attempt to Increase Cocoa Farmers’ Income
Despite the billions of dollars in revenue generated by multinationals in the chocolate industry, many cocoa farmers in Côte d’Ivoire and Ghana live below the poverty line. The Ivorian and Ghanaian governments’ joint program to implement a new premium, called the Living Income Differential (LID), to cocoa prices is intended as poverty relief. Although LID has not produced as many benefits as expected, the collective action in its applications and enforcement along with its potential to push chocolate companies to properly contribute to increased incomes for cocoa farmers make it an initiative worth keeping and improving.