The Ghana Cocoa Board (COCOBOD) has implemented immediate salary cuts for its executive management and senior staff to combat ongoing liquidity constraints within the cocoa industry.
In a press release issued on February 16, 2026, the Board announced that executive management salaries have been reduced by 20 percent, while senior staff will see a 10 percent reduction. These measures are set to remain in effect for the duration of the 2025/2026 crop year.
The Board stated that the decision was made “in recognition of the prevailing financial pressures confronting the cocoa sector.”
These pay cuts are part of a wider strategy of “broader cost-containment interventions aimed at stabilising the institution’s finances.” According to the release, other measures include procurement-related savings and a staff rationalisation exercise intended to streamline the organization’s operations.
COCOBOD explained that its primary goal is “to reduce overall expenditure and align operational costs with revenue inflows,” as the industry continues to navigate significant liquidity challenges.
The cocoa sector serves as a vital pillar of the Ghanaian economy, acting as a major source of export earnings and providing a primary livelihood for hundreds of thousands of farmers across the country.