The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced voluntary salary reductions as part of decisive measures to address liquidity challenges within the cocoa sector.
In a press release dated Monday, February 16, 2026, the Board said the pay cuts take immediate effect and will remain in force throughout the 2025/2026 crop year.
Under the new arrangement, Executive Management will accept a 20 percent reduction in salaries, while Senior Staff will take a 10 percent cut.
The move forms part of a broader cost-containment strategy aimed at aligning expenditure with revenue and restoring financial balance.
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Management explained that the initiative reflects a commitment to lead by example and protect the long-term sustainability of Ghana’s cocoa sector.
“The decision demonstrates our resolve to share in the sacrifices required to stabilise the sector,” the statement noted.
Beyond salary reductions, COCOBOD is implementing additional measures such as procurement reforms, strengthened financial controls, staff rationalisation, and enhanced operational efficiency to improve accountability, reduce waste, and ensure the long-term sustainability of the institution
These reforms are expected to strengthen internal systems and improve overall financial performance.
The announcement comes amid mounting challenges in the cocoa industry, including rising operational costs, financing pressures, and concerns over farmer welfare.
Public debate has intensified over producer prices, funding arrangements, and the sustainability of cocoa farming in Ghana.
Industry analysts have also highlighted the heavy financing burden linked to cocoa purchases, operational commitments, and exposure to global market volatility.
COCOBOD’s leadership has described the salary cuts as a symbol of unity and responsibility as the institution pursues comprehensive restructuring during the crop season.
Although the statement did not disclose the exact size of the liquidity gap or projected savings, officials expressed confidence that the measures will support long-term recovery and resilience of the cocoa sector.
