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Cocobod management , senior staff take salary cuts over liquidity challenges
The Ghana Cocoa Board (COCOBOD) has announced salary reductions for its Executive Management and Senior Staff as part of measures to address ongoing liquidity challenges in the cocoa sector.
In a press release dated February 16, 2026, the Board stated that the decision takes effect from Monday, February 16, 2026, and will remain in force for the rest of the 2025/26 crop year.
According to the statement, Executive Management has taken a 20 percent cut in salaries, while Senior Staff have accepted a 10 percent reduction.
Management explained that the move is in recognition of the current financial difficulties facing the cocoa industry.
It said the salary cuts are part of broader cost-cutting measures aimed at reducing overall expenditure and aligning costs with revenue.
The statement added that other steps being implemented include procurement cost reductions and a staff rationalisation exercise to ensure financial stability within the organisation.
By: Jacob Aggrey
The Police have arrested two suspects, including the alleged gang leader, in connection with the robbery attack on the Berekum Chelsea football team that resulted in the death of one of the players.
According to a Police update, the arrests were made after intelligence-led operations by security personnel.
One of the suspects sustained gunshot wounds during an exchange of fire with the police.
He has since been taken to a hospital where he is receiving medical treatment, while the other suspect remains in police custody assisting with investigations.
The Police indicated that efforts are ongoing to apprehend other members of the gang linked to the attack.
They assured the public that more details will be provided as investigations progress.
By: Jacob Aggrey
President John Dramani Mahama has arrived in Brazzaville to attend the investiture ceremony of Denis Sassou N’Guesso.
The ceremony follows the re-election of President Sassou N’Guesso for another five year term as leader of the Republic of the Congo.
President Mahama travelled to Brazzaville shortly after launching his Free Primary Healthcare Programme in Dodowa.
He is expected to return to Accra after the ceremony scheduled for Thursday morning.
By: Jacob Aggrey
