Business News of Monday, 23 February 2026Source: www.ghanaweb.comAmid ongoing challenges in Ghana’s cocoa sector, the Ghana Cocoa Board (COCOBOD) has taken some bold steps, including cutting management salaries and adjusting cocoa prices. Economist Professor Peter Quartey has welcomed these measures but insists that far more needs to be done to place COCOBOD on a solid financial footing. According to Professor Quartey, COCOBOD must undergo structural reforms, particularly in staff rationalisation. I mean, there’s 20 percent senior management, 10 percent other management staff. In addition, executive management has taken a 20% pay cut, while senior staff salaries have been reduced by 10%.

Source: GhanaWeb February 23, 2026 09:37 UTC