While smallholder farmers in Africa produce most of the world’s cocoa, they receive only a fraction of a chocolate bar’s value. Fairtrade is meant to mitigate such disparity by certifying that cocoa production meets environmental, sustainability, and human rights standards. Ghana is the second largest producer of cocoa globally and the leading producer of Fairtrade cocoa, where a tenth of cocoa farmers are certified. Yet, Fairtrade production in Ghana offers a perplexing context: Fairtrade provides relatively limited direct financial benefits to farmers, but Fairtrade cooperatives have over eighty thousand members, retain farmers for decades, and continue to attract new farmers. Drawing on ethnographic research, this article examines the everyday significance of participation in Fairtrade cocoa cooperatives for producers. This article argues that farmers’ participation in Fairtrade cooperatives was meaningful because of enhanced ownership, decision-making, and control in the cocoa value chain. For instance, in the cooperative system, where “the group is for the farmer,” farmers controlled the weighing scale for cocoa beans, which was a site of mistrust for non-Fairtrade farmers. Ownership benefits, however, were circumscribed, as they were unevenly distributed among producers and extended farmers’ control only to a restricted scale of the global value chain. With the increasing importance of traceability mechanisms like certification and over three decades of Fairtrade implementation in Ghana’s cocoa sector, this research sheds light on Fairtrade’s enduring significance for farmers, and suggests potential shifts to center farmers’ control and decision-making.