Stakeholders within the cocoa value chain have welcomed the pay cuts imposed on staff of the Ghana Cocoa Board (COCOBOD).
Executives of Cocobod have accepted a 20 percent cut, while senior staff will take a 10 percent reduction for the remainder of the crop year.
Speaking to Citi News, President of the Ghana National Association of Cocoa Farmers, Stephenson Anane Boateng, said the decision is the right call.
“We were expecting it to be 30 percent looking at their salaries. Now that they have come up with 20 percent, we are okay. It shows that they have considered our request, unlike before. So we are a bit okay,” he said.
The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD), in a press release dated Monday, February 16, 2026, announced salary reductions in response to ongoing liquidity challenges within the cocoa sector.
COCOBOD announced that the pay cuts take immediate effect and will remain in place for the remainder of the 2025/2026 crop year.
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.
COCOBOD slashes salaries, tightens spending amid revenue strain
