The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have voluntarily reduced their salaries for the remainder of the 2025/26 crop year in a direct response to the ongoing liquidity challenges facing the cocoa industry.
In an official press release issued today, COCOBOD announced:
Executive Management has taken a 20% salary reduction
Senior Staff have accepted a 10% salary cut
The decision, effective immediately (Monday, February 16, 2026), is part of broader cost-cutting measures, including procurement reforms and staff rationalisation, aimed at reducing overall expenditure and better aligning costs with available revenue.
COCOBOD Chief Executive, Randy Abbey, and the entire management team are leading by example in the sacrifice, with the move framed as a gesture of solidarity with cocoa farmers who continue to face delayed payments and industry-wide financial strain.
The release emphasised that these internal austerity measures are intended to preserve operational capacity, protect jobs where possible, and ensure the Board can continue supporting farmers during this difficult period.
“This is about shared sacrifice and prioritising the farmer at this critical time,” sources close to the Board indicated.
The announcement comes amid persistent reports of unpaid cocoa beans (some dating back to November 2025), growing farmer frustration, and calls for urgent government intervention in the sector.
COCOBOD has not provided a timeline for full resolution of farmer arrears but reiterated its commitment to transparency and restoring confidence in the cocoa value chain.
For more information, contact the COCOBOD Public Affairs Department:
Office Direct Line: (0302) 66-17-66
Email: [email protected]
