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 industry.
In a press release dated February 16, 2026, Ghana Cocoa Board (COCOBOD) disclosed that the pay cuts take effect from Monday, February 16, 2026, and will remain in place for the remainder of the 2025/26 crop year.
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The statement was issued by the Chief Executive, with the Public Affairs Department designated as the contact point for further information.
According to the statement, Executive Management members have taken a 20 percent reduction in their salaries, while Senior Staff have agreed to a 10 percent cut.
The Board explained that the decision forms part of broader cost-containment efforts aimed at reducing overall expenditure and aligning operational costs with current revenue levels. Additional measures include procurement cost-cutting initiatives and a staff rationalisation exercise.
COCOBOD indicated that these steps are intended to strengthen financial sustainability within the organisation while navigating the present economic pressures facing the cocoa sector.
