The Executive Management and Senior Staff of the Ghana Cocoa Board COCOBOD) have voluntarily reduced their salaries in response to ongoing liquidity pressures within the cocoa industry.
In a press release dated February 16, 2026, the Board disclosed that the salary cuts take immediate effect and will remain in place for the remainder of the 2025/2026 crop year.
According to the statement, Executive Management members have agreed to take a 20 percent reduction in their salaries, while Senior Staff will accept a 10 percent cut.
The decision, which took effect on Monday, February 16, 2026, is part of broader efforts to manage expenditure amid financial constraints facing the sector. COCOBOD indicated that the move is in recognition of “the current liquidity challenges in the cocoa industry.”
Beyond the salary reductions, the Board revealed it is implementing additional cost-saving measures, including procurement reforms and a staff rationalisation exercise. These steps, it said, are intended to reduce overall expenditure and better align operational costs with revenue.
