COCOBOD Cuts Top Salaries (Management, Senior Staff Take Pay Reductions Amid Cocoa Crunch)
Due to cash flow problems and rising revenue pressures in the cocoa sector, the Ghana Cocoa Board (COCOBOD) has announced pay cuts for its Executive Management and Senior Staff for the rest of the 2025/26 crop year. The Board said in a statement on February 16, 2026, that Executive Management would take a 20 percent pay cut and Senior Staff would take a 10 percent pay cut, starting right away. They called the move a show of shared sacrifice during tough financial times. The decision comes after operational costs have gone up, cocoa purchases have put a heavy financial burden on the company, prices around the world have been unstable, and there are worries about farmer welfare and pricing. However, the statement did not say how big the liquidity gap is or how much the salary changes will save, only that bigger restructuring steps are being taken.
