The Board of Directors of the Ghana Cocoa Board (COCOBOD) has resolved not to receive any sitting allowances for the remainder of the 2025/26 cocoa season, in a move it says is aimed at supporting ongoing reforms in Ghana’s cocoa sector.
The decision, announced in a public notice, forms part of efforts to strengthen the long-term sustainability of the industry and restore confidence across the cocoa value chain.
“In support of ongoing efforts to reform Ghana’s cocoa industry and strengthen its long-term sustainability, the Board of Directors has resolved not to receive any sitting allowances for the remainder of the 2025/26 cocoa season,” the statement said.
The Board explained that the move reflects its commitment to prudent financial management and shared sacrifice as COCOBOD undertakes critical reforms to address recent challenges confronting the sector.
“This decision reflects the Board’s commitment to prudent financial management, shared sacrifice, and responsible leadership as COCOBOD undertakes critical reforms to address recent challenges and restore confidence across the cocoa value chain,” the notice emphasised.
The Board further reiterated its dedication to improving efficiency and accountability within the institution while safeguarding the livelihoods of cocoa farmers.
“We remain committed to supporting measures that enhance efficiency, promote accountability, and safeguard the livelihoods of cocoa farmers, while working collaboratively with government and stakeholders to secure a resilient and sustainable future for Ghana’s cocoa industry,” the statement added.
The development comes at a time when the cocoa sector is undergoing significant restructuring efforts aimed at improving operational efficiency and ensuring financial stability.
