The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced voluntary salary reductions in response to ongoing liquidity challenges 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 has taken a 20 per cent pay cut, while Senior Staff have accepted a 10 per cent reduction in their respective salaries.
The move, the Board explained, forms part of broader cost-cutting measures aimed at reducing overall expenditure and aligning operational costs with revenue levels. Other measures outlined include procurement reforms and a staff rationalisation exercise.
COCOBOD said the decision underscores management’s commitment to stabilising the institution financially during a period of constrained cash flow in the cocoa industry.
The statement was issued by the Chief Executive, who noted that the measures are intended to support the long-term sustainability of the Board and the wider cocoa sector.
