Ghana Cocoa Board (COCOBOD) has implemented immediate salary reductions for its executive management and senior staff in a decisive move to navigate the ongoing liquidity constraints plaguing the cocoa industry.
According to an official press release dated February 16, 2026, the pay cuts are effective immediately and will last for the duration of the 2025/2026 crop year.
In a tiered approach to the cost-saving measure, executive management will see a 20% reduction in salaries, while senior staff have agreed to a 10% cut.
COCOBOD stated that this difficult decision was made in response to the significant financial pressures currently facing the sector.
The salary adjustments are a key component of a broader strategy to stabilize the institution’s finances.
These comprehensive interventions also include aggressive cost-containment in procurement and a staff rationalization exercise aimed at streamlining operations.
The primary objective, the Board emphasized, is to reduce overall expenditure and better align operational costs with current revenue inflows.
As a critical pillar of Ghana’s economy, the cocoa sector remains vital for export earnings and the livelihoods of hundreds of thousands of farmers nationwide.
