The Ghana Cocoa Board (COCOBOD) has announced salary reductions for its Executive Management and Senior Staff as part of measures to address ongoing financial pressures within the cocoa sector.
In a press release dated February 16, 2026, COCOBOD disclosed that the decision takes immediate effect and will remain in place for the rest of the 2025/2026 crop year.
According to the statement, Executive Management members have taken a 20 percent pay cut, while Senior Staff have accepted a 10 percent reduction in their salaries.
The move, the Board explained, is in recognition of the current liquidity challenges facing the cocoa industry. It forms part of a broader cost containment strategy aimed at reducing overall expenditure and aligning operational costs with revenue.
COCOBOD also indicated that additional cost-cutting measures are underway, including procurement adjustments and a staff rationalisation exercise.
The decision signals management’s attempt to demonstrate shared sacrifice at a time when Ghana’s cocoa sector is navigating financial strain. The cocoa industry remains a key pillar of the national economy, making developments within COCOBOD closely watched by stakeholders.
For further details, the Board has directed inquiries to its Public Affairs Department.