The management and senior staff of the Ghana Cocoa Board (COCOBOD) have announced salary reductions for the remainder of the 2025/26 crop year in response to financial pressures facing the cocoa industry.
In a statement on Monday, February 16, 2026, COCOBOD said the decision was taken “in recognition of the current liquidity challenges in the cocoa industry.”
The Executive Management has taken a twenty (20) percent cut, while the Senior Staff have taken a ten (10) percent reduction in their respective salaries.
The management explained that the move forms part of broader cost-cutting measures aimed at improving the Board’s financial position.
“This decision and other cost cutting measures in procurement and a staff rationalisation exercise are aimed at reducing the overall expenditure of COCOBOD and aligning cost with revenue,” the statement noted.
The salary reduction takes effect from Monday, February 16, 2026, and will run through the end of the current crop year.
COCOBOD, which oversees Ghana’s cocoa sector, has in recent times faced financial strain linked to global market fluctuations, rising operational costs, and challenges in cocoa financing.
The statement issued by the Chief Executive, Dr. Randy Abbey assured stakeholders that management remains committed to stabilising the sector and safeguarding the livelihoods of cocoa farmers.
