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The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced salary reductions in response to ongoing liquidity challenges within the cocoa sector.
In a press release dated Monday, February 16, 2026, COCOBOD stated that the pay cuts take immediate effect and will remain in place for the remainder of the 2025/2026 crop year. Executive Management will take a 20 percent reduction in salaries, while Senior Staff have accepted a 10 percent cut.
According to management, the decision forms part of broader cost-containment measures aimed at aligning expenditure with revenue amid financial strain.
Additional steps being implemented include procurement reforms and a staff rationalisation exercise, all intended to stabilise the Board’s finances.
The announcement comes at a time of heightened pressure in Ghana’s cocoa industry, characterised by rising operational costs, financing constraints, concerns over farmer welfare and increased public scrutiny over cocoa pricing and COCOBOD’s overall financial position.
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