By Francis Kobena Tandoh
The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced salary reductions in response to ongoing liquidity challenges within the cocoa sector, according to a statement late Monday.
COCOBOD announced that the pay cuts take immediate effect and will remain in place for the remainder of the 2025/2026 crop year.
According to the statement, the Executive Management will take a 20 percent reduction in salaries, while Senior Staff have accepted a 10 percent cut.
The move forms part of broader cost-containment measures aimed at aligning expenditure with revenue.
Management indicated that additional steps, including procurement reforms and a staff rationalisation exercise, are being implemented to stabilise the Board’s finances.
The announcement comes at a time of heightened strain in the cocoa industry, marked by rising operational costs, financing pressures, concerns over farmer welfare, and intensified public scrutiny over cocoa pricing and COCOBOD’s financial position.
In recent weeks, the sector has been at the centre of national debate, particularly over producer prices and the sustainability of cocoa farming. Enditem
Source: Ghana Eye Report
Find the statement from the Ghana Cocoa Board (COCOBOD) below;
