The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have voluntarily reduced their salaries for the remainder of the 2025/26 crop season in response to ongoing liquidity challenges within the cocoa industry.
In a press release dated February 16, 2026, sighted by Plan B News and addressed to all media houses, COCOBOD announced that the decision took effect on Monday, February 16, 2026.
According to the statement, Executive Management members have taken a 20 percent reduction in their salaries, while Senior Staff have agreed to a 10 percent pay cut.
The move, the Board explained, is in recognition of the current financial constraints facing the cocoa sector and forms part of broader efforts to stabilise the industry.
COCOBOD indicated that the measure demonstrates leadership’s commitment to supporting the sector through its present challenges as stakeholders work toward restoring financial stability within Ghana’s cocoa industry.
By: Bernard Mensah
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