The Ghana Cocoa Board (COCOBOD) has rolled out internal austerity measures aimed at trimming millions of cedis in monthly expenditure, as concerns mount over the Board’s financial stability.
The cost-cutting steps follow disclosures by the Majority Caucus in Parliament that the cocoa regulator is facing a significant liquidity shortfall and may require fresh working capital to sustain its operations.
Speaking to journalists, Isaac Adongo, Member of Parliament for Bolgatanga Central, revealed that a substantial gap has been detected in COCOBOD’s financial records, raising questions about its immediate cash flow position.
In response to the mounting fiscal pressure, COCOBOD has implemented measures projected to save approximately GHS5 million every month. The austerity programme includes a 20 percent reduction in the remuneration of executive management and a 10 percent salary cut for senior staff.
The adjustments have already taken effect and will remain in place for the rest of the 2025/2026 cocoa season.
The move signals a shift toward tighter fiscal discipline within the cocoa sector regulator, as government and parliamentary leaders weigh broader interventions to stabilize the institution’s finances and safeguard Ghana’s cocoa industry.
