The National Food Buffer Stock Company (NAFCO) has achieved a significant milestone by recording a net profit of GH¢91.7 million in 2025. This remarkable turnaround comes after the company incurred a loss of GH¢19.4 million in 2024. According to reports, NAFCO's 2025 profit is its highest since its establishment. The company's resurgence into profitability is attributed to reforms implemented to drive growth and improve its financial standing.
NAFCO's achievement is a welcome relief to stakeholders, particularly as the company plays a critical role in Ghana's food security and buffer stock management. The company's primary objective is to stabilize food prices and ensure a steady supply of essential commodities. By returning to profitability, NAFCO is better positioned to fulfill its mandate and contribute to the country's economic stability. The GH¢91.7 million profit is a testament to the effectiveness of the reforms and strategic initiatives undertaken by the company's management.
In related news, Enterprise Group has demonstrated a strong claims-settlement record while delivering double-digit growth in earnings. The insurer paid GH¢508 million in insurance claims in the first half of 2026, which accounts for about 55 percent of its GH¢901 million insurance revenue. This development indicates a positive trend in Ghana's insurance sector, with Enterprise Group maintaining a robust financial performance.
Another significant development in Ghana's energy sector is the supply of 950,000 barrels of Sankofa crude oil by the Ghana National Petroleum Corporation (GNPC) to the Tema Oil Refinery (TOR). This commercial deal strengthens the link between the country's upstream production and domestic refining, potentially boosting the nation's refining capacity and energy security.
Meanwhile, the Consumer Electronics and Household Appliances Association of Ghana (CEHA Ghana) is actively engaging with the Environmental Protection Agency (EPA) to chart a transition path ahead of the 2027 ban on Expanded Polystyrene (EPS), or styrofoam. The ban, set to take effect on January 1, 2027, aims to mitigate environmental pollution and promote sustainable practices.
In other news, Absa Bank Ghana LTD has reinforced its commitment to advancing young women in the digital economy through its support of the 2026 GirlCode Ghana Hackathon. The initiative provides participants with opportunities to develop practical digital skills, apply technology to real-world challenges, and explore pathways into careers in technology and innovation.
Lastly, Ghanaian journalist and Business & Financial Times' Online Editor, Juliet Etefe, has commenced a Master’s programme in International Media Studies at DW Akademie in Bonn, Germany. This development highlights the country's talent and expertise in journalism, with Etefe's academic pursuit potentially contributing to the growth of media studies and practices in Ghana.
Key points
- NAFCO recorded a net profit of GH¢91.7 million in 2025.
- The company's profit is its highest since establishment.
- Reforms implemented by NAFCO contributed to its growth and profitability.
