The executive management and senior staff of the Ghana Cocoa Board (COCOBOD) have voluntarily agreed to salary reductions in response to the current liquidity challenges facing the cocoa industry.
The decision, announced for the 2025/26 crop year, was outlined in an official statement dated Monday, February 16, 2026.
According to the statement, the executive management has taken a 20 percent pay cut, while senior staff have accepted a 10 percent reduction in their respective salaries.
“The executive management has taken a 20 percent cut, while senior staff have taken a 10 percent reduction in their respective salaries,” the statement read.
It further explained: “This decision, along with other cost-cutting measures in procurement and the ongoing staff rationalisation exercise, is aimed at reducing the overall expenditure of COCOBOD and aligning costs with revenue.”