The Ghana Cocoa Board (COCOBOD) has announced salary reductions for its Executive Management and Senior Staff as part of measures to address ongoing liquidity challenges in the cocoa sector.
In a press release dated February 16, 2026, the Board stated that the decision takes effect from Monday, February 16, 2026, and will remain in force for the rest of the 2025/26 crop year.
According to the statement, Executive Management has taken a 20 percent cut in salaries, while Senior Staff have accepted a 10 percent reduction.
Management explained that the move is in recognition of the current financial difficulties facing the cocoa industry.
It said the salary cuts are part of broader cost-cutting measures aimed at reducing overall expenditure and aligning costs with revenue.
The statement added that other steps being implemented include procurement cost reductions and a staff rationalisation exercise to ensure financial stability within the organisation.
By: Jacob Aggrey