The Ghana Cocoa Board (COCOBOD) has announced a temporary reduction in salaries for its Executive Management and Senior Staff as part of measures to address financial pressures within the cocoa sector.
In a press release dated February 16, 2026, the Board stated that the salary adjustments take effect immediately and will remain in place for the rest of the 2025/26 crop season. The move is intended to respond to ongoing liquidity difficulties affecting the cocoa industry.
Under the new arrangement, members of the Executive Management have agreed to a 20 percent reduction in their pay, while Senior Staff will receive a 10 percent cut in their respective salaries.
According to the statement, the decision forms part of broader cost-control efforts. Additional steps include tighter procurement practices and a staff rationalisation exercise, all aimed at lowering overall expenditure and ensuring that spending is better aligned with available revenue.
The announcement was issued by the Chief Executive. For further details, the Public Affairs Department of the Ghana Cocoa Board can be contacted via telephone at (0302) 66-17-66 or by email at public_affairs@cocobod.gh.
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