The chief administration and senior employees of the Ghana Cocoa Board (COCOBOD) have decreased their salaries in response to liquidity challenges affecting the cocoa sector.
The announcement was confirmed in a press launch issued by the Chief Govt of COCOBOD on Monday, February 16, 2026.
The pay cuts are a part of wider cost-saving measures supposed to align the board’s spending with obtainable income for the the rest of the 2025/26 cocoa crop yr.
These efforts are aimed at sustaining COCOBOD’s {financial} stability throughout a interval of declining cocoa costs and market pressures.
The COCOBOD press launch highlighted the specifics of the wage reductions for executives and senior employees.
The assertion famous that these measures, mixed with cost-saving actions in procurement and a employees rationalisation train, are supposed to cut back general spending and assist the {financial} stability of COCOBOD throughout this era.
Cocoa costs have skilled important volatility in current months, impacting revenues and liquidity throughout the sector.
Cocoa costs fell under $4,000 per metric ton on 10 February 2026, marking a month-to-date lack of over 10%, and lengthening considerations of a repeat of January’s 29% decline.
The COCOBOD press launch defined that the wage reductions take impact instantly, beginning Monday, February 16, 2026, for the the rest of the 2025/26 crop yr.
Ample ICE-monitored cocoa inventories reached a 3.25-month excessive of 1,812,564 luggage on Monday, February 9, 2026, including additional strain to costs.
12 months-to-date, cocoa costs have fallen over 37% within the international commodity market, approaching a assist zone close to $3,200 per metric ton.
In Nigeria, the fifth-largest cocoa producer, December cocoa exports rose 17% year-on-year to 54,790 metric tons, reflecting robust manufacturing amid regional oversupply.
