In a significant show of leadership and fiscal solidarity, the Board of Directors of the Ghana Cocoa Board (COCOBOD) has resolved to waive all sitting allowances for the remainder of the 2025/26 cocoa season.
The decision comes at a pivotal moment for the industry, as COCOBOD navigates a series of aggressive reforms aimed at stabilizing the sector and ensuring its long-term viability.
The Board has described the move as a reflection of its commitment to prudent financial management.
By foregoing these payments, board members are signaling a “shared sacrifice” alongside the farmers and stakeholders who form the backbone of Ghana’s economy.
The resolution aims to restore confidence and rebuild trust across the cocoa value chain following recent industry challenges.
It seeks to promote accountability by setting a high standard for responsible leadership and corporate governance.
Supporting efficiency by directing focus and resources toward the critical structural changes needed to modernize operations.
While the waiver is a symbolic financial gesture, it aligns with a broader strategy to safeguard the livelihoods of Ghana’s cocoa farmers.
The Board reiterated its dedication to working closely with the government and international stakeholders to build a more resilient and sustainable industry.
”This decision reflects the Board’s commitment to responsible leadership as COCOBOD undertakes critical reforms to address recent challenges,” the statement read.
As the 2025/26 season progresses, the industry will be watching closely to see how these reforms and the Board’s austerity measures impact the bottom line for the country’s most vital agricultural export.
Read the full statement
