The Board of Directors of the Ghana Cocoa Board (COCOBOD) has officially resolved to forgo all sitting allowances for the remainder of the 2025/2026 cocoa season. This decision is part of a broader strategy to support ongoing structural reforms within the sector.

Commitment to Sustainability and Reform

In a statement issued by the Board, the move was described as a clear demonstration of their dedication to the long-term viability of Ghana’s cocoa industry. By voluntarily waiving these payments, members aim to support measures designed to restore stability and bolster confidence across the entire cocoa value chain.

Key Objectives

The Board highlighted that this initiative is rooted in the following principles:

Prudent Financial Management: Ensuring resources are managed with the highest level of fiscal responsibility.
Shared Sacrifice: Demonstrating responsible leadership as the organization undergoes critical transformations.
Accountability and Efficiency: Enhancing operational standards to better protect the livelihoods of Ghana’s cocoa farmers.

Collaborative Future

The Board reiterated its commitment to working alongside the government and diverse stakeholders. The goal remains to foster a resilient and sustainable future for the national cocoa industry through collaborative action and transparent governance.

sitting allowances

COCOBOD Board waives sitting allowances to support sector reforms

sitting allowances

COCOBOD Board waives sitting allowances to support sector reforms