The Ghana Cocoa Board (COCOBOD) has announced salary reductions for its Executive Management and Senior Staff as part of efforts to address liquidity challenges facing the cocoa industry.
In a statement issued on Monday, February 16, the Board said the pay cuts take immediate effect and will remain in force for the rest of the 2025/2026 crop season.
Read the statement below:
Under the arrangement, members of Executive Management will take a 20 percent reduction in their salaries, while Senior Staff will accept a 10 percent cut.
COCOBOD indicated that the decision forms part of a broader strategy to curb expenditure and realign costs with current revenue levels. Other measures being implemented include cost-saving steps in procurement and a staff rationalisation exercise.
The Board noted that the actions are intended to strengthen its financial position and support stability within the cocoa sector.
For further details, the Public Affairs Department of COCOBOD can be reached on (0302) 66-17-66 or via email at publicaffairs@cocobod.gh.
