COCOBOD announces 20% pay cut for top officials
The Ghana Cocoa Board (COCOBOD) has announced salary reductions for its top management and senior staff as part of measures to address liquidity challenges within the cocoa sector.
In a press statement issued on Monday, February 16, 2026, the Board said the decision takes immediate effect and will remain in place for the rest of the 2025/26 crop year. According to the statement, Executive Management members have taken a 20 percent pay cut, while Senior Staff have agreed to a 10 percent reduction in their salaries.
COCOBOD explained that the move forms part of broader cost-cutting measures aimed at reducing overall expenditure and aligning operational costs with revenue. The statement also referenced ongoing procurement adjustments and a staff rationalisation exercise as part of efforts to stabilise the institution’s finances amid current industry challenges.
The release was issued by the Chief Executive, who indicated that the measures are intended to support financial sustainability within the cocoa industry.
Below is the statement:
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