Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced salary reductions for the remainder of the 2025/26 crop year as part of efforts to respond to the cocoa sector’s current liquidity challenges.
In a statement issued on Monday, February 16, COCOBOD said Executive Management has taken a 20 percent pay cut, while Senior Staff will face a 10 percent reduction.
“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 statement said.
COCOBOD explained that the decision forms part of broader cost-cutting measures, including reduced procurement spending and a staff rationalisation exercise, aimed at bringing expenditure in line with revenue.
“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,” it added.
The salary cuts took effect on Monday, February 16, 2026.
Read below the statement
