Ghana Cocoa Board (COCOBOD) says it could save an estimated GH¢5 million each month following salary reductions for its executive management and senior staff.
The decision, contained in a press release dated Monday, February 16, 2026, forms part of broader measures to address liquidity challenges within the cocoa sector.
Under the new directive, executive management members will take a 20 percent pay cut, while senior staff will have their salaries reduced by 10 percent. The reductions took effect immediately and will remain in force for the rest of the 2025/2026 crop year.
COCOBOD indicated that the move is aimed at stabilizing the institution’s finances at a time when the cocoa industry is facing significant economic pressures, including falling global prices and funding constraints.
The board expressed optimism that the cost-saving measures, alongside other reforms, will help improve cash flow and sustain support for cocoa farmers across the country.
Industry observers say the salary cuts signal a willingness by management to share in the sacrifices required to steer the sector through its current difficulties.
