Els: MBN360 Economy
COCOBOD’s Executive Management and Senior Staff have announced salary reductions for the remainder of the 2025/26 crop year, citing liquidity challenges in the cocoa industry.
In a statement issued Monday, February 16, 2026, COCOBOD said its Executive Management has taken a 20% pay cut, while Senior Staff have accepted a 10% salary reduction.
Read also:
- Association of Banks CEO hails “unpalatable” decision to save COCOBOD from collapse
- US civil rights leader Jesse Jackson dies aged 84
- ‘We must use this crisis to pivot’ – Mahama urges local processing as cocoa sector reels
- Gov’t engaging Burkinabe authorities to protect Ghanaian tomato traders – Dumelo
- ‘I’m a cocoa farmer too’ — Mahama speaks on price cuts and farmer pain amid crises
The institution said the move is part of a broader cost-cutting drive to reduce expenditure and align operational costs with revenue.
“The Executive Management and the Senior Staff of COCOBOD have, effective today, Monday, February 16, 2026, reduced their salaries for the remainder of the 2025/26 crop year in recognition of the current liquidity challenges in the cocoa industry,” the statement said.
COCOBOD added that the pay cuts, alongside other measures, are intended to ease pressure on its finances.
