The National Food Buffer Stock Company (NAFCO) has been directed by the Government to purchase surplus grains from farmers across the country for storage, following projections of a bumper harvest in 2025.
The Ministry of Food and Agriculture (MoFA) said the decision is aimed at addressing a possible glut on the market, given the expected high yields this season coupled with unsold carry-over stocks from the 2024 harvest.
According to the Ministry, this is the first time since the establishment of NAFCO that such significant resources have been made available to enable large-scale grain purchases for storage.
Explanations from Officials stated that the move will help minimize post-harvest losses while guaranteeing the availability of strategic food reserves to safeguard the country against future shortages and emergencies.
Farmers were further urged by MoFA to remain calm and assured them that NAFCO will be active in the market to buy their produce, ensuring a ready market and stabilizing prices.
In a statement, the Minister said, “The general public is assured that MoFA, working with all relevant agencies and stakeholders, is fully engaged in ensuring that every grain produced by Ghanaian farmers finds a sustainable and profitable market”.
The intervention is expected to provide relief to farmers, stabilize food supply, and strengthen Ghana’s food security outlook.
Source: gitficonline.com