COCOBOD has announced salary cuts for its Executive Management and Senior Staff as part of cost-saving measures to deal with liquidity challenges in the cocoa industry.
In a statement dated Monday, February 16, 2026, the Ghana Cocoa Board said the pay reductions will run for the rest of the 2025/26 crop year.
“The Executive Management and the Senior Staff of COCOBOD have effective today, Monday, February 16, 2026 reduced their salaries for the remainder of the 2025/26 crop year in recognition of the current liquidity challenges in the cocoa industry,” the statement said.
According to COCOBOD, Executive Management has taken a 20 percent salary cut, while Senior Staff will take 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,” it added.
COCOBOD said the pay cuts form part of a broader set of measures aimed at reducing expenditure and 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 said.
Source: Starrfm.com.gh
