The Ghana Cocoa Board has announced salary cuts for its top managers as it battles liquidity challenges in the cocoa sector.
In a statement dated Monday, February 16, 2026, COCOBOD said its “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.”
COCOBOD explained that “the Executive Management has taken a twenty (20) percent cut, while the Senior Staff have taken a ten (10) percent reduction in their respective salaries.”
According to the Board, the decision is part of broader cost‑cutting measures aimed at reducing overall expenditure and aligning operational costs with revenue. These measures include tighter procurement controls and a staff rationalisation exercise to streamline operations.
“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,” it said.
The statement, signed by the Chief Executive and copied to all media houses, stressed that the pay cuts are a response to mounting revenue pressures and are expected to ease the financial strain facing the cocoa industry.
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