COCOBOD Management and Senior Staff Announce Salary Reductions Amid Liquidity Challenges

February 16, 2026

The Management of the Ghana Cocoa Board (COCOBOD) has announced salary reductions for its Executive Management and Senior Staff, effective Monday, February 16, 2026, in response to ongoing liquidity challenges within the cocoa sector.

According to a statement issued by the Chief Executive, members of the Executive Management have agreed to a twenty percent (20%) reduction in their salaries, while Senior Staff will take a ten percent (10%) pay cut for the remainder of the 2025/2026 crop year.

The move forms part of broader cost-containment measures being implemented by COCOBOD to address financial pressures facing the industry. Additional steps include expenditure reductions in procurement and a staff rationalisation exercise aimed at improving operational efficiency.

Management indicated that the measures are intended to reduce overall expenditure and better align the Board’s costs with its revenue levels during the current crop season.

The statement was issued by the Chief Executive of COCOBOD.

Publish By: Solomon Kwabena Nana-Ansah