Buffer Stock Company to purchase excess grains on the market
Resources have been allocated to enable the National Buffer Stock Company to purchase excess maize and rice grains on the market, the Ministry of Food and Agriculture (MoFA) has said.
A release copied to Ghana News Agency said the move was in anticipation of bumper grain harvest in the 2025 season, “alongside unsold carry-over stocks from the 2024 harvest.”
“To address the issue of a likely glut situation, Government has, for the first time since the establishment of the National Food Buffer Stock Company (NAFCO), provided significant resources to enable NAFCO to purchase surplus produce for storage.
“This intervention will not only reduce post-harvest losses but also guarantee the availability of food reserves to cushion the nation against future shortages and emergencies,” it sa...