COCOBOD needs GHc30bn in working capital – Majority Caucus
19th February 2026
The Majority Caucus in Parliament has expressed concern about the financial position of the Ghana Cocoa Board (COCOBOD), warning that the institution requires significant working capital to sustain its operations.
Addressing a press conference on Thursday, February 19, 2026, the Member of Parliament for Bolgatanga Central, Isaac Adongo, pointed to what he described as a substantial funding gap in the Board’s accounts.
According to him, COCOBOD needs more than GH¢30 billion in working capital to remain viable, disputing claims that GH¢60 billion was left behind. He indicated that a review of the accounts reveals a major shortfall.
Meanwhile, COCOBOD has announced cost-cutting measures aimed at easing liquidity pressures within the cocoa sector. The Board estimates it will save about GH¢5 million each month following salary reductions for executive management and senior staff.
Under the new arrangement, executives are taking a 20 percent pay cut, while senior staff will have 10 percent deducted from their salaries. The reductions took effect immediately and will remain in place for the rest of the 2025/2026 crop year.
The decision, communicated in a press release on Monday, February 16, 2026, forms part of broader efforts to stabilise the institution’s finances and address ongoing challenges in the cocoa sector.