Gov’t directs release of 50,000 bags of grain to ECOWAS
The government has directed the National Food Buffer Stock Company (NAFCO) to release 50,000 bags of grain to settle Ghana’s outstanding obligation to the Economic Community of West African States (ECOWAS). The Minister of Food and Agriculture, Eric Opoku, who announced the directive issued by President John Dramani Mahama, said the obligation arose from a […]
The Ghanaian government has directed the National Food Buffer Stock Company (NAFCO) to release 50,000 bags of grain to settle the country's outstanding obligation to the Economic Community of West African States (ECOWAS). This decision comes from a 2018 grain borrowing arrangement to support the School Feeding Programme. Minister of Food and Agriculture Eric Opoku announced the directive, stating that the company currently has sufficient grains in storage to repay the borrowed amount.
This move reflects improved domestic agricultural production, with Ghana producing 4.6 million tonnes of maize in 2025, surpassing the estimated national demand of 3.6 million tonnes. The government's financial performance has also improved, with NAFCO moving from a net loss of 19 billion cedis in 2024 to a net profit of 91.7 billion cedis before tax in 2025.
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