Salary of COCOBOD CEO will be slashed by 50% - Hackman Owusu

Emmanuel Tornyi 12:06 - 29 March 2017

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Hackman Owusu-Agyeman says he will ensure that salaries of COBOBOD’s top management is slashed by 50%.

The new Board Chairman of the Ghana Cocoa Board (COCOBOD), Hackman Owusu-Agyeman says he will ensure that salaries of COBOBOD’s top management is slashed by 50%.

According to him, in spite of plans to slash salaries, some top managers of COCOBOD will still earn more than the president and other Article 71 office holders which are pegged around GH¢22,000.

His comments comes at back after it was revealed that former Chief Executive Officer (CEO) of COCOBOD Dr. Stephen Opuni earned GH¢75,000 monthly salary.

Owusu-Agyeman said the new board would review the GH¢75,000 salary of Dr Opuni saying it was unthinkable.

"It is nothing extra-ordinary to slash pay to help improve a sector…if I had my way, the salary would be slashed by at least 50%," he told Accra-based Starr FM.

He added that the salary of the current CEO of COCOBOD, Joseph Boahene Adu will be slashed by 50%.