Business News of Wednesday, 18 February 2026Source: www.ghanaweb.comThe Ghana Cocoa Board (COCOBOD) has revealed that its latest decision to cut salaries of its executive management and senior staff could save the Board about GH¢5 million monthly. COCOBOD management and senior staff take salary cutsSpeaking in an interview on Eyewitness News on February 17, 2026, Jerome Sam, Head of COCOBOD's Public Affairs, said the salary adjustment is part of efforts to align expenditure with revenue. He added that the move demonstrates COCOBOD's resolve in managing its internal crisis and addressing the needs of Ghanaian cocoa farmers. “From where I sit, tentatively at least, some GH¢5 million can be saved on a monthly basis. He also emphasised that COCOBOD management has initiated procurement reforms and a staff rationalisation exercise to help stabilise the Board's finances.

Source: GhanaWeb February 18, 2026 09:51 UTC