As part of efforts to address financial constraints within Ghana’s cocoa sector, the Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced immediate reductions in their salaries.
According to a press release issued on Monday, February 16, 2026, the pay cuts are effective immediately and will remain in place for the duration of the 2025/26 crop year.
The decision comes as the industry grapples with what the Board described as “current liquidity challenges.”
The release noted that executive management will have a reduction of 20%, while senior staff will have 10%.
Beyond the salary adjustments, COCOBOD confirmed that the measure is part of a broader fiscal strategy.
This includes more stringent procurement controls and a “staff rationalisation exercise” designed to lower overall expenditure.
The primary goal of these interventions, according to the Chief Executive’s office, is to better align the organisation’s operational costs with its current revenue streams.
By: Rainbowradioonline.com/Ghana
