The Parliamentary Committee on Food, Agriculture and Cocoa Affairs in Ghana has commended the National Food Buffer Stock Company (NAFCO) for its significant financial turnaround. NAFCO moved from a debt position of about GH¢20 million to recording more than GH¢96 million in profit in 2025. This development demonstrates the company's improved financial management and strengthened capacity to deliver on its mandate of ensuring food security and managing strategic food reserves.
Chairman of the Committee, Dr Godfred Seidu Jasaw, made the commendation during a working visit to NAFCO's regional office in Kumasi. He expressed encouragement by the progress and stressed the importance of sustaining the gains made by NAFCO. Dr Jasaw urged the management and staff to continue implementing measures that promote efficiency, accountability, and prudent use of resources.
The working visit formed part of the Committee's engagement with institutions under its oversight to assess their operations and performance. The Committee said it would continue to support efforts that strengthen NAFCO's operations and contribute to Ghana's food security. They also encouraged NAFCO to build on its improved financial position.
Dr Jasaw's commendation is a significant endorsement of NAFCO's efforts to improve its financial management. The company's turnaround is a positive development for Ghana's food security and strategic food reserves. NAFCO's management and staff have been urged to maintain their efforts to ensure the company's continued success.
The Agric Committee's visit to NAFCO's regional office in Kumasi demonstrates the Committee's commitment to engaging with institutions under its oversight. The Committee's assessment of NAFCO's operations and performance is part of its efforts to ensure that institutions are working effectively.
NAFCO's financial turnaround has significant implications for Ghana's food security. The company's improved financial position will enable it to effectively manage strategic food reserves and ensure food security for the country. The Agric Committee's commendation is a recognition of NAFCO's efforts to improve its financial management.
The Committee's support for NAFCO's efforts to strengthen its operations and contribute to Ghana's food security is a positive development. The company's continued success will depend on its ability to maintain its improved financial position and implement measures that promote efficiency, accountability, and prudent use of resources.
Key points
- NAFCO moved from a debt of GH¢20 million to a profit of GH¢96 million in 2025.
- The Agric Committee commended NAFCO for its improved financial management.
- The Committee will continue to support efforts that strengthen NAFCO's operations and contribute to Ghana's food security.
