The government has mobilized the National Food Buffer Stock Company (NAFCO) to purchase surplus grains from farmers nationwide in anticipation of a bumper 2025 harvest.
The move aims to prevent a potential market oversupply, given that significant quantities of maize and rice from the 2024 season remain unsold.
In an official statement, the Ministry of Food and Agriculture (MoFA) emphasized that this is the first time NAFCO has received substantial resources to acquire and store excess grains at such a scale.
The initiative is expected to reduce post-harvest losses, stabilize market prices, and strengthen the country’s strategic food reserves.
“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 statement read. Farmers can expect NAFCO to be present at key markets, providing a ready buyer for their produce and easing concerns over oversupply.
The intervention comes amid warnings from the Chamber of Agribusiness Ghana (CAG), which highlighted that more than 100,000 metric tonnes of maize and rice from 2024 remain unsold, putting pressure on farmers and the wider grain market.
NAFCO’s engagement will also help reinforce Ghana’s food security by building up strategic reserves to cushion the nation against potential shortages in the future.
MoFA reassured farmers that the government’s action will not only provide immediate relief but also support long-term sustainability in the agriculture sector.
