COCOBOD Management Takes 20% Pay Cut, Senior Staff Accept 10% Reduction Amid Liquidity Challenges

The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced voluntary salary reductions in response to ongoing liquidity challenges within the cocoa sector.

In a press release dated February 16, 2026, COCOBOD disclosed that the decision takes immediate effect and will remain in place for the rest of the 2025/2026 crop year.

According to the statement, Executive Management has taken a 20 per cent pay cut, while Senior Staff have accepted a 10 per cent reduction in their respective salaries.

The move, the Board explained, forms part of broader cost-cutting measures aimed at reducing overall expenditure and aligning operational costs with revenue levels. Other measures outlined include procurement reforms and a staff rationalisation exercise.

COCOBOD said the decision underscores management’s commitment to stabilising the institution financially during a period of constrained cash flow in the cocoa industry.

The statement was issued by the Chief Executive, who noted that the measures are intended to support the long-term sustainability of the Board and the wider cocoa sector.

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