President of the Ghana National Association of Cocoa Farmers, Stephenson Anane Boateng, said the decision is the right call but were expecting it to be 30 percent looking at their salaries.
In response to persistent financial issues in the cocoa industry, the Ghana Cocoa Board’s (COCOBOD) Executive Management and Senior Staff announced pay cuts in a press release on Monday, February 16, 2026.
The salary reductions, according to COCOBOD, will go into effect immediately and for the whole of the 2025–2026 crop year.
The action is a component of larger cost-cutting strategies meant to balance revenue and expenses.
In order to stabilize the Board’s finances, management stated that more measures are being taken, such as workforce rationalization and procurement reforms.
Mr. Boateng made this assertion during an interview with Citi News.
“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.
In response to persistent financial issues in the cocoa industry, the Ghana Cocoa Board’s (COCOBOD) Executive Management and Senior Staff announced pay cuts in a press release on Monday, February 16, 2026.
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.
Source: Mybrytfmonline.com/Joseph Asare
