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Ghana’s cocoa board cuts executive and senior staff salaries to address financial strain.
Ghana’s Cocoa Board (COCOBOD) announced on February 16, 2026, that its executive management and senior staff would take 20% and 10% salary cuts, respectively, through the end of the 2025/2026 cocoa season.
The move, effective immediately, is part of broader cost-cutting efforts including procurement reforms and staff rationalization to address liquidity challenges.
The cuts come amid declining cocoa prices, reduced producer payments, and financial strain on the sector, with COCOBOD aiming to improve fiscal sustainability while supporting farmers.
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La junta de cacao de Ghana recorta los salarios del personal ejecutivo y de alto rango para hacer frente a la tensión financiera.