The Ghana Cocoa Board (COCOBOD) has announced salary reductions for its Executive Management and Senior Staff as part of measures to address liquidity challenges in the cocoa industry.
A statement issued by COCOBOD and dated Monday, February 16, 2026, said the salary cuts would run for the remainder of the 2025/26 crop year.
It said Executive Management had taken a 20 per cent cut in salaries, while Senior Staff had agreed to a 10 per cent reduction.
The statement explained that the decision formed part of broader cost-cutting measures aimed at reducing expenditure and improving the Board’s financial position.
It noted that additional measures, including procurement cost controls and a staff rationalisation exercise, were also being implemented to align expenditure with revenue.
