The government has formally directed the National Food Buffer Stock Company (NAFCO) to release 50,000 bags of grain to settle Ghana’s outstanding obligation to the Economic Community of West African States (ECOWAS). This significant move, announced by Minister of Food and Agriculture, Eric Opoku, represents a crucial step in addressing a 2018 grain borrowing arrangement designed to support the School Feeding Programme. The directive follows a period of improved domestic agricultural production, with Ghana achieving a remarkable 4.6 million-tonnes of maize output in 2025, surpassing a national demand of 3.6 million tonnes – a surplus of approximately one million tonnes. NAFCO, currently holding 20,433 metric tonnes of grains, has sufficient storage capacity to cover the repayment of this debt. Minister Opoku highlighted a positive shift in the company’s financial performance, transitioning from a net loss of 19 billion cedis in 2024 to a net profit of 91.7 billion cedis before tax in 2025, as detailed in a qualitative account submitted to the State Interests and Governance Authority (SIGA). Furthermore, the company’s gross profit margin has increased significantly, rising from 1.61% in 2024 to 13.96% in 2025, a development attributed to enhanced management and operational efficiencies. Mr. George Abradu-Otoo, CEO of NAFCO, explained that the company has implemented strengthened auditing, procurement, and food safety procedures to mitigate potential risks and ensure efficient operations. He stated, “Before I assumed office, there was no audit department, and people were doing what they liked.” The government’s initiative is expected to bolster Ghana’s food security and provide vital support to the School Feeding Programme. The release of these grains is a direct response to ECOWAS’s request for repayment, signifying a concerted effort to ensure the continued functioning of the West African economic bloc. This action demonstrates a commitment to fiscal responsibility and the stability of the region.
Source: Adom Online
