The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced voluntary salary reductions effective Monday, February 16, 2026, as part of ongoing efforts to address liquidity challenges facing the cocoa sector.
A statement issued in Accra by the Chief Executive said the Executive Management has taken a 20 per cent salary cut, while Senior Staff have agreed to a 10 per cent reduction for the remainder of the 2025/26 crop year.
According to the statement, the pay cut forms part of broader cost‑containment measures instituted by the Board.
These include stricter procurement controls and a staff rationalisation exercise aimed at reducing overall operational expenditure and aligning costs with current revenue levels.
The measures, the statement noted, are expected to support COCOBOD’s financial recovery as the industry continues to deal with global market pressures and domestic operational demands.
The statement encouraged stakeholders to remain supportive as the Board implements reforms to stabilise the sector.
By: Christian Akorli
