2027 budget to provide for grain silos – Agric Minister

Next year's budget will allocate funds for the construction of silos to store grains, according to Eric Opoku, the Minister of Food and Agriculture. Ghana produced 4.6 million tonnes of maize last year, but only required 3.6 million tonnes, resulting in a surplus of about one million tonnes. The Minister urged the Ghana Food Buffer Stock Company (NAFCO) to build many silos to accommodate the growing level of cereal production in the country.

At NAFCO's first Annual General Meeting, Opoku presented the company's financial reports for the years 2010 to 2023, and highlighted NAFCO's reserve of 20,443 tonnes of grains in storage. The Minister emphasized that strengthening NAFCO's capacity would help create a reliable market for farmers and prevent increased domestic production from resulting in losses for producers.

NAFCO released 50,000 bags of grains to settle its outstanding obligation to ECOWAS, and the Minister directed the company to ensure that suppliers contracted for public feeding programs purchase food directly from Ghanaian farmers instead of relying on imported produce. NAFCO CEO George Abradu-Otoo reported that the company had recorded profits in several years, with the net profit in 2025 being GH¢91.7 million, the highest ever.

The company's gross profit margin also increased significantly, and NAFCO paid GH¢20.3 million in taxes, its highest annual tax contribution in its 16-year history.