The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced salary reductions effective Monday, February 16, 2026, in response to ongoing liquidity challenges within the cocoa industry.
In a statement issued by the Chief Executive, the Board disclosed that members of the Executive Management have taken a 20 percent cut in their salaries, while Senior Staff have accepted a 10 percent reduction for the remainder of the 2025/26 crop year.
According to the statement, the move forms part of broader cost-cutting measures aimed at reducing COCOBOD’s overall expenditure and aligning operational costs with revenue levels.
Management indicated that, in addition to the salary cuts, further measures are being implemented, including procurement reforms and a staff rationalisation exercise.
The decision underscores efforts by the cocoa regulator to stabilize its finances amid current challenges in the sector while ensuring sustainability for the remainder of the crop season.
