National Food Buffer Stock Company

Also known as: NAFCO

National Food Buffer Stock Company — state agency responsible for procuring rice and grains from farmers, facing financial shortfalls and criticism over rice procurement failures.

The company faces a funding crisis to address a rice glut, requiring GH¢770 million to absorb surplus from the 2025 farming season but having received only GH¢100 million so far. Meanwhile, its former CEO Abdul-Wahab Hanan was re-arrested by EOCO shortly after charges against him were dropped, sparking dispute over whether his legal team was granted access during custody.

2026-05-042026-05-09

Agriculture & Land

Local rice producers face crisis with one million metric tonnes unsold

The News

The Association of Ghana Rice Producers and Processors says an estimated one million metric tonnes of paddy rice valued at GH¢5 billion remain unsold on the local market due to severe shortage of buyers, which they attribute to the National Food Buffer Stock Company's failure to purchase locally produced rice as directed by the President.

Why it matters

One million tonnes of unsold rice valued at GH¢5 billion signals a major agricultural and economic crisis requiring urgent government intervention.

4 May 2026 · Business & Financial Times →

Monday 4 May

Local rice producers face crisis with one million metric tonnes unsold
The Association of Ghana Rice Producers and Processors says an estimated one million metric tonnes of paddy rice valued at GH¢5 billion remain unsold on the local market due to severe shortage of buyers, which they attribute to the National Food Buffer Stock Company's failure to purchase locally produced rice as directed by the President.
4 May 2026 · Business & Financial Times →

National Food Buffer Stock Company

Local rice producers face crisis with one million metric tonnes unsold

Monday 4 May

Local rice producers face crisis with one million metric tonnes unsold0:29

Local rice producers face crisis with one million metric tonnes unsold