The Ghana Cocoa Board (COCOBOD) has declared salary reductions for its executive management and senior staff as part of efforts to tackle the ongoing liquidity issues within the cocoa industry.
In a press release issued on February 16, 2026, the Board revealed that these salary cuts will take effect immediately and will be in place for the remainder of the 2025/2026 crop year.
As stated, executive management will experience a 20 percent reduction in their salaries, while senior staff members have consented to a 10 percent pay cut.
COCOBOD clarified that this decision is a response to the financial pressures currently facing the cocoa sector.
The Board noted that these salary reductions are part of a wider set of cost-containment measures aimed at stabilizing the institution’s financial situation.
These initiatives include savings related to procurement and a staff rationalization process aimed at enhancing operational efficiency.
COCOBOD emphasized that its primary goal is to reduce overall expenditures and align operational costs with revenue streams, in light of the liquidity challenges facing the industry.
The cocoa sector continues to be a vital component of Ghana’s economy, significantly contributing to export revenues and supporting the livelihoods of hundreds of thousands of farmers across the country.
