Agric Committee chair commends NAFCO for turnaround from GH¢20m debt to GH¢96m profit

The Parliamentary Committee on Food, Agriculture and Cocoa Affairs has lauded the National Food Buffer Stock Company (NAFCO) for its impressive financial improvement, transitioning from a debt of approximately GH¢20 million to achieving over GH¢96 million in profit in 2025. Committee Chair Dr Godfred Seidu Jasaw expressed his admiration during a recent visit to NAFCO's regional office in Kumasi.

He highlighted the achievement as evidence of the company's enhanced financial management and its reinforced ability to fulfill its mission of ensuring food security and managing critical food reserves. Dr Jasaw emphasized the Committee's satisfaction with this progress and underscored the significance of maintaining the gains NAFCO has accomplished.

He encouraged the organization's leadership and employees to persist in adopting practices that foster efficiency, accountability, and responsible resource utilization, all while maintaining NAFCO's responsiveness to the requirements of farmers and consumers. This visit was part of the Committee's routine assessments of entities under its jurisdiction to evaluate their operations and performance.

The Committee pledged to continue their support for initiatives that bolster NAFCO's operations and bolster Ghana's food security, and to motivate the company to capitalize on its improved financial status.