The Ghana Cocoa Board (COCOBOD) has announced salary reductions for its Executive Management and Senior Staff as part of cost-cutting measures to address liquidity challenges in the cocoa sector.
In a press release dated February 16, 2026, and issued to all media houses, the Board disclosed that the decision took effect on Monday, February 16, 2026, and will remain in place for the remainder of the 2025/26 crop year.
According to the statement, Executive Management has taken a 20 percent pay cut, while Senior Staff salaries have been reduced by 10 percent.
“The Executive Management and the Senior Staff of COCOBOD have effective today, Monday, February 16, 2026 reduced their salaries for the remainder of the 2025/26 crop year in recognition of the current liquidity challenges in the cocoa industry,” the release stated.
The Board explained that the move forms part of broader internal reforms aimed at aligning expenditure with revenue amid ongoing financial pressures within the cocoa sector.
“This decision and other cost cutting measures in procurement and a staff rationalisation exercise are aimed at reducing the overall expenditure of COCOBOD and aligning cost with revenue,” the statement added.
The salary reductions come at a time when Ghana’s cocoa industry continues to grapple with funding constraints, declining output in recent seasons, and broader structural challenges.
