COCOBOD’s Executive Management and Senior Staff announced salary reductions on Monday, February 16, 2026, to tackle liquidity woes in the cocoa sector for the rest of the 2025/26 crop year.
In an official statement, the organization revealed that Executive Management will take a 20% pay cut, with Senior Staff accepting 10% reductions. These steps form part of wider efforts to slash spending and match costs to shrinking revenues.
“The Executive Management and Senior Staff of COCOBOD have, effective today, 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 read.
COCOBOD emphasized that the cuts, combined with procurement reforms and staff rationalization, aim to ease financial strain amid rising operational costs and global price swings.
The move arrives amid heated national debates on producer prices, farmer welfare, and COCOBOD’s finances. While no specifics emerged on the liquidity shortfall or expected savings, the Chief Executive’s announcement underscores leadership’s commitment to shared sacrifice through the crop season’s end.
Story by: Mercy Addai Turkson #ahotorfmonline.com