COCOBOD Bosses Take Pay Cuts Over Cocoa Sector Challenges

Nat’l Tymes News Desk

TOP LEADERS at the Ghana Cocoa Board (COCOBOD) have agreed to take salary cuts as the cocoa sector faces financial difficulties.

Executive Management will take a 20% pay cut, while Senior Staff will see their salaries reduced by 10%. The decision takes effect immediately and will last for the rest of the 2025/26 crop year.

In a statement released on February 16, 2026, COCOBOD said the move is part of efforts to deal with current financial challenges in the sector. The Board is also reviewing its spending, procurement processes, and staffing levels to reduce costs and improve efficiency.

COCOBOD says these measures are aimed at ensuring the sustainability of Ghana’s cocoa industry.

Source: Nationaltymes.com

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