Published: February 20, 2026
In an unprecedented show of commitment to revitalizing Ghana’s cocoa sector, the Board of Directors of the Ghana Cocoa Board (COCOBOD) has voluntarily suspended its sitting allowances for the remainder of the 2025/2026 cocoa season.
The decision, announced in a public notice on February 19, 2026, is a strategic measure to back the ongoing restructuring of the industry. It underscores the Board's resolve to lead by example during a critical period of reform aimed at ensuring the long-term health and stability of Ghana's cocoa economy.
A "Practical Show of Solidarity"
According to a statement from the Board, members have unanimously agreed to forgo the allowances as a tangible demonstration of their solidarity with the reform agenda. The move is designed to reinforce confidence across the entire cocoa value chain and support efforts to restore financial and operational stability.
“In support of ongoing efforts to reform Ghana’s cocoa industry and strengthen its long-term sustainability, the Board of Directors of the Ghana Cocoa Board has resolved not to receive any sitting allowances for the remainder of the 2025/26 cocoa season,” the statement read.
Prudent Leadership for Sustainable Gains
The Board emphasized that this sacrifice at the leadership level is a necessary component of prudent financial management. It reflects a collective commitment to repositioning COCOBOD, ensuring that resources are utilized with maximum efficiency as the institution navigates recent financial and operational challenges.
Beyond the immediate financial impact, the decision is intended to signal a new era of transparency, accountability, and responsible leadership. The Board reaffirmed its dedication to improving sector efficiency and, most importantly, protecting the livelihoods of Ghana's cocoa farmers, whose incomes are directly tied to a well-managed and stable industry.
The Board further pledged to continue its close collaboration with the government and all stakeholders to build a more resilient and viable cocoa sector for future generations.
