Ghana Minute.
Tuesday, 23 June 2026
Ghana’s news, on the hour · Est. 2026
Tuesday, 23 June 2026
Accra—:—London—:—New York—:—Beijing—:—
Ghanaian press · Organization

National Food Buffer Stock Company

Also known as: NAFCO

National Food Buffer Stock Company — state grain purchase and storage entity managing Ghana's food reserves, currently constrained by limited funding and warehouse capacity amid farmer stock glut.

2026-05-042026-06-23
Share on WhatsApp

In coverage

Verbatim sentences from the source article.

  1. May 2026

  2. Joy Online

    … His comments come against the backdrop of controversy surrounding the re-arrest of former National Food Buffer Stock Company Chief Executive Officer Abdul-Wahab Hanan and his wife, Faiza Sayyid Wuni, shortly after the Office of the Attorney-General discontinued charges against th …

    NDC fully supports Raymond Archer’s work as EOCO boss – Abass Nurudeen

  3. Joy Online

    … His remarks come against the backdrop of the ongoing legal controversy involving former National Food Buffer Stock Company Chief Executive Officer Abdul-Wahab Hanan and his wife, Faiza Sayyid Wuni. …

    Raymond Archer has made EOCO a one-man institution – Afenyo-Markin

  4. Joy Online

    The Executive Secretary of the Economic and Organised Crime Office (EOCO), Raymond Archer, has described the ongoing case involving former National Food Buffer Stock Company Chief Executive Officer Abdul-Wahab Hanan and his wife, Faiza Sayyid Wuni, as one of the strongest being h …

    Hanan’s case is one of EOCO’s strongest — Raymond Archer asserts

  5. Joy Online

    The Executive Secretary of the Economic and Organised Crime Office (EOCO), Raymond Archer, has rejected claims that former National Food Buffer Stock Company Chief Executive Officer Abdul-Wahab Hanan and his wife, Faiza Sayyid Wuni, were denied access to their lawyers while in cu …

    Raymond Archer denies blocking lawyers’ access to Hanan and wife in EOCO custody

  6. Joy Online

    The Executive Secretary of the Economic and Organised Crime Office (EOCO), Raymond Archer, has insisted that due process was fully observed in the handling of former National Food Buffer Stock Company Chief Executive Officer Abdul-Wahab Hanan and his wife, Faiza Sayyid Wuni. …

    No process breached in Hanan and wife’s case – Raymond Archer

  7. Joy Online

    … His comments come at a time of renewed anti-corruption actions, including fresh arrests linked to the PDS saga and scrutiny of alleged financial irregularities in ECG-related transactions, alongside the re-arrest of the former NAFCO boss after earlier charges were discontinued. …

    ORAL is dead and burried – Alfred Tuah-Yeboah

  8. Joy Online

    … The situation has also coincided with the re-arrest of a former NAFCO boss shortly after charges were withdrawn in court, sparking legal and constitutional debate over prosecutorial conduct. …

    EOCO boss defends ‘professional and methodical’ probe into PDS case

  9. Joy Online

    … Fresh arrests linked to the PDS saga have reopened scrutiny over alleged financial irregularities tied to ECG-related transactions, while the dramatic re-arrest of the former NAFCO boss shortly after charges were withdrawn in court has triggered legal and constitutional debate ov …

    Livestream: Newsfile discusses Charles Amissah’s death, PDS, NAFCO arrests, and press freedom under Mahama

  10. Joy Online

    Former Attorney-General Godfred Yeboah Dame has accused Deputy Attorney-General Justice Srem Sai of misleading the public over claims that lawyers had access to former National Food Buffer Stock Company CEO Abdul-Wahab Hanan. …

    Godfred Dame accuses Deputy AG of lying over access to Abdul-Wahab Hanan

  11. Joy Online

    Former Chief Executive Officer of the National Food Buffer Stock Company (NAFCO), Hanan Abdul-Wahab Aludiba, was briefly released from the custody of the Economic and Organised Crime Office (EOCO) before being instructed to report back for additional procedures. …

    Hanan Aludiba released, recalled by EOCO for further procedures
Politics

Agriculture Minister denies budget disbursement dispute with Finance

The News

The Minister of Food and Agriculture has dismissed claims of disagreement with the Finance Ministry over the release of funds for agricultural programmes in 2026, while the Finance Ministry says it has released more than GH¢1.6 billion to the agriculture sector this year, representing about 85 percent of the ministry's total allocation for goods and services and capital expenditure.

19 June 2026 · Joy Online →

Friday 19 June

  1. Agriculture Minister denies budget disbursement dispute with Finance

    The Minister of Food and Agriculture has dismissed claims of disagreement with the Finance Ministry over the release of funds for agricultural programmes in 2026, while the Finance Ministry says it has released more than GH¢1.6 billion to the agriculture sector this year, representing about 85 percent of the ministry's total allocation for goods and services and capital expenditure.

    19 June 2026 · Joy Online →

  2. Government commits ¢300m to national grain reserve, says NAFCO CEO

    The CEO of NAFCO says Ghana's government commitment of ¢300 million towards building a national grain reserve marks an unprecedented policy shift for food security, though he notes the amount falls short of the ¢1.5 billion needed for meaningful grain purchases and price stabilisation.

    19 June 2026 · Joy Online →

  3. Ghana needs ¢1.5bn for meaningful food reserves, Buffer Stock CEO says

    The National Food Buffer Stock Company CEO George Abradu-Otoo says Ghana needs at least ¢1.5 billion to build a proper national food reserve system, but the company currently has only ¢300 million available, which he describes as inadequate for large-scale grain purchases from farmers.

    19 June 2026 · Joy Online →

  4. Ghana lacked national food reserve system, CEO says

    The CEO of the National Food Buffer Stock Company says Ghana has lagged behind neighbouring countries like Mali in establishing food reserves, and that the company has so far received only ₵300 million for grain purchases, far below the ₵1.5 billion needed for meaningful intervention.

    19 June 2026 · Joy Online →

Thursday 18 June

  1. NAFCO posts GH¢91.7 million profit, up from GH¢19 million loss

    The National Food Buffer Stock Company (NAFCO) achieved a financial turnaround in 2025, recording a net profit of GH¢91.7 million compared to a GH¢19 million loss in 2024, driven by governance reforms including a new Procurement Department, strengthened Internal Audit, and Board reconstitution. The company also paid GH¢20.3 million in taxes, its highest annual tax contribution in 16 years.

    18 June 2026 · The Chronicle →

  2. Rice farmers halt planting over 700,000-tonne unsold stock

    Ghana's rice farmers have abandoned fields for the 2026 planting season because they remain burdened with more than 700,000 metric tonnes of unsold paddy rice from last year, lack planting capital, and say government has made no tangible intervention despite promises. A former director of the Peasant Farmers Association reported that tractors are idle across major rice-producing valleys in the North, Volta, and Oti Regions, with farmers owing equipment operators and unable to service debts incurred to buy paddy rice on credit.

    18 June 2026 · Business & Financial Times →

Wednesday 17 June

  1. Buffer Stock Company posts GH¢91.7m profit, GH¢20.3m tax

    The National Food Buffer Stock Company (NAFCO) recorded a net profit of GH¢91.7 million in 2025, a significant turnaround from a GH¢19 million loss in 2024, and paid GH¢20.3 million in taxes—the highest annual tax contribution in the company's 16-year history. The State Interests and Governance Authority credited the recovery to governance and operational reforms including improved procurement, audit functions, and board reconstitution.

    17 June 2026 · Joy Online →

Monday 15 June

  1. NAFCO recruits 45 firms to buy excess maize and rice

    The National Food Buffer Stock Company has registered 45 Licensed Buying Companies to purchase maize and rice from farmers as part of efforts to address a current grain glut. The government is also implementing direct purchasing, processing, and storage interventions under the Feed Ghana programme, while strengthening food systems infrastructure through warehouse refurbishment and equipment procurement.

    15 June 2026 · The Ghanaian Times →

Thursday 11 June

  1. Farmers call for six-month rice import ban amid unsold stock crisis

    The Peasant Farmers Association of Ghana is calling for an immediate six-month ban on rice imports, citing that nearly 90 percent of local rice farmers are holding unsold stock due to competition from imported rice and the National Food Buffer Stock Company's inability to purchase surplus harvests as directed by the President.

    11 June 2026 · Business & Financial Times →

Wednesday 10 June

  1. Rice farmers demand six-month ban on imports

    The Peasant Farmers Association of Ghana has called for an immediate six-month import ban on rice, citing that nearly 90 percent of local rice farmers hold unsold stock and blaming the National Food Buffer Stock Company's failure to purchase surplus rice as directed. The association argues a temporary suspension would allow domestic rice to clear the market and stabilise farm-gate prices.

    10 June 2026 · Business & Financial Times →

Monday 8 June

  1. Government underspends 27% of Q1 2026 budget as revenue falls short

    Ghana's government left GH₵24 billion of its first-quarter 2026 budget unspent, spending GH₵65.97 billion of GH₵89.97 billion approved (73.3%), while total revenue and grants reached GH₵57.5 billion against a GH₵60.3 billion target. Capital expenditure suffered the largest cuts, with government spending GH₵7.3 billion of GH₵12.6 billion programmed, particularly in foreign-financed projects where only GH₵0.6 billion of GH₵5.3 billion was spent.

    8 June 2026 · Joy Online →

Friday 5 June

  1. Finance and Agriculture ministries dispute 2026 budget release amounts

    The Ministry of Finance claims it has released over GH¢1.6 billion to the Ministry of Food and Agriculture in 2026, representing about 85 percent of the ministry's allocation for Goods and Services and CAPEX. MoFA disputes these figures, arguing they contradict official budget execution documents issued by the Finance Ministry itself, citing a First and Second Quarter Budget Allotment Letter that capped first-half expenditure at GH¢910 million.

    5 June 2026 · Joy Online →

Thursday 4 June

  1. PFAG welcomes rice import quota, warns of urgent implementation need

    The Peasant Farmers Association of Ghana has backed the government's rice import quota policy but stressed that delayed implementation risks undermining domestic rice production. According to PFAG's independent assessment, over 90 percent of rice farmers are holding significant unsold stocks.

    4 June 2026 · Joy Online →

  2. Finance Ministry releases 85% of agriculture budget for 2026

    The Ministry of Finance has released GH¢1.677 billion to the Ministry of Food and Agriculture in 2026, representing 85 percent of the ministry's approved budget for Goods and Services and Capital Expenditure. The Deputy Minister for Finance said the release demonstrates government commitment to agricultural transformation, food security, and job creation.

    4 June 2026 · Business & Financial Times →

  3. Finance Ministry releases GH¢1.677 billion to Agriculture Ministry

    The Ministry of Finance has released GH¢1.677 billion to the Ministry of Food and Agriculture in 2026, representing 85% of the ministry's approved budget for Goods and Services and Capital Expenditure. The Deputy Minister for Finance announced the allocation during the launch of Ghana's National Pact for Agricultural Transformation, Food Security, and Employment.

    4 June 2026 · Joy Online →

Monday 18 May

  1. Ghana's farmers losing livelihoods to cheap imports and failed seeds

    An investigative analysis argues that over five million Ghanaian smallholder farmers are being harmed by macroeconomic policies and institutional failures, including artificially cheap imported rice and maize flooding the market and defective hybrid seeds from the government's Feed Ghana Programme.

    18 May 2026 · Joy Online →

Sunday 17 May

  1. Storage shortage constrains NAFCO's rice glut mop-up effort

    Inadequate warehouse infrastructure is hampering the National Food Buffer Stock Company's ability to purchase and preserve surplus rice and grains, despite government releasing GH¢300 million for strategic reserves. NAFCO's Deputy CEO said the organisation's 129,000 metric tonne installed capacity has only 40,000–44,000 metric tonnes currently usable due to abandoned, deteriorating facilities.

    17 May 2026 · Joy Online →

Wednesday 13 May

  1. Annoh-Dompreh urges Mahama to act on energy, cocoa, food crises

    Annoh-Dompreh has written an open letter to President Mahama calling for executive intervention on energy sector challenges including a resurgence of power cuts, the plight of cocoa farmers facing price cuts and lost investments, food security concerns, and an institutional crisis at the Environmental Protection Authority.

    13 May 2026 · Joy Online →

Sunday 10 May

  1. The Law examines case withdrawals and re-arrests in Ghana

    JoyNews' The Law programme hosted a discussion on case withdrawals and re-arrests, prompted by the re-arrest of former NAFCO CEO Abdul-Wahab Hanan Aludiba and his wife Faiza Seidu Wuni by EOCO shortly after the Attorney-General withdrew charges against them. Legal experts examined the implications for prosecutorial discretion, due process, and the rule of law in Ghana's justice system.

    10 May 2026 · Joy Online →

Saturday 9 May

  1. Deputy AG says no denial of lawyer access to ex-NAFCO chief

    The Deputy Attorney General said no one had denied the former NAFCO chief executive access to his lawyers following his re-arrest after a court discharge. Dr Srem-Sai stated the former NAFCO boss was sent to EOCO for interrogation and reportedly fell ill and was hospitalised, and criticised the former Attorney General for appearing on radio programmes instead of accompanying his client for questioning.

    9 May 2026 · Joy Online →

  2. NDC fully backs EOCO boss Raymond Archer's anti-corruption work

    The NDC's Abass Nurudeen said the party fully supports EOCO Executive Secretary Raymond Archer's work, rejecting the Minority Leader's claim that the agency has become overly centralised. His comments come amid controversy over the re-arrest of former National Food Buffer Stock Company CEO Abdul-Wahab Hanan and his wife after the Attorney-General discontinued charges against them.

    9 May 2026 · Joy Online →

  3. Minority Leader criticizes EOCO chief for centralised authority

    Minority Leader Alexander Afenyo-Markin has accused EOCO Executive Secretary Raymond Archer of running the agency as a "one-man institution" with excessive concentration of authority, raising concerns about governance and accountability. His remarks come amid ongoing legal controversy over the re-arrest of a couple from whom the Office of the Attorney-General had discontinued charges.

    9 May 2026 · Joy Online →

  4. EOCO chief calls Hanan case one of agency's strongest

    EOCO Executive Secretary Raymond Archer has described the case involving former National Food Buffer Stock Company CEO Abdul-Wahab Hanan and his wife as one of the agency's strongest, following their re-arrest after the Attorney-General discontinued charges. The couple's lawyers have raised concerns about denial of access and due process during custody.

    9 May 2026 · Joy Online →

  5. EOCO chief denies blocking lawyers' access to arrested couple

    Raymond Archer, Executive Secretary of EOCO, has denied claims that former National Food Buffer Stock Company CEO Abdul-Wahab Hanan and his wife Faiza Sayyid Wuni were denied access to their lawyers while in custody. The couple was re-arrested by EOCO shortly after the Attorney-General discontinued charges against them, and their legal team led by former Attorney-General Godfred Yeboah Dame alleged access to counsel had been restricted.

    9 May 2026 · Joy Online →

  6. EOCO chief denies process breach in Hanan re-arrest case

    Raymond Archer, Executive Secretary of the Economic and Organised Crime Office, has rejected allegations that due process was violated in the re-arrest of former National Food Buffer Stock Company CEO Abdul-Wahab Hanan and his wife Faiza Sayyid Wuni. The couple's legal team, led by former Attorney-General Godfred Yeboah Dame, contends the pair were denied access to counsel after their re-arrest following the discontinuation of charges against them.

    9 May 2026 · Joy Online →

  7. Former Deputy AG says ORAL anti-corruption initiative has collapsed

    Alfred Tuah-Yeboah, former Deputy Attorney-General, has argued that the Operation Recover All Loot (ORAL) initiative has effectively collapsed, noting that over one year has passed since the Attorney-General entered nolle prosequi into some cases previously prosecuted by the Akufo-Addo administration. His remarks come amid renewed anti-corruption actions, though he warns that aggressive prosecution without full transparency could undermine public trust in the justice system.

    9 May 2026 · Joy Online →

  8. EOCO boss defends thorough investigation into PDS case

    The Executive Secretary of EOCO has defended ongoing investigations into the PDS saga as thorough, professional and methodical, saying the work is guided strictly by evidence and due process. Fresh arrests linked to the case have renewed scrutiny over alleged financial irregularities in Electricity Company of Ghana-related transactions.

    9 May 2026 · Joy Online →

Friday 8 May

  1. Ghana's healthcare failures, corruption probes dominate Saturday debate

    JoyNews' Newsfile will examine the investigative report into engineer Charles Amissah's death, which found he died from delayed emergency care and medical neglect rather than accident trauma, alongside developments in anti-corruption investigations involving PDS and NAFCO arrests and concerns about press freedom under the Mahama administration.

    8 May 2026 · Joy Online →

  2. Godfred Dame disputes Deputy AG claims on detained CEO's legal access

    Former Attorney-General Godfred Dame has accused Deputy Attorney-General Justice Srem Sai of misleading the public over claims that lawyers had access to Abdul-Wahab Hanan, former CEO of the National Food Buffer Stock Company, who was re-arrested by the Economic and Organised Crime Office. Dame stated that lawyers representing Hanan and his wife were denied access to their clients for two days while in EOCO custody, and that no fresh charges were brought against Hanan after Thursday's interrogation.

    8 May 2026 · Joy Online →

Thursday 7 May

  1. Former NAFCO CEO released, recalled by EOCO for further procedures

    Hanan Abdul-Wahab Aludiba, former Chief Executive Officer of the National Food Buffer Stock Company, was released from EOCO custody on Wednesday but instructed to return Thursday for additional procedures. His lawyer, Godfred Yeboah Dame, confirmed the release and return, citing the unavailability of EOCO's Executive Director as causing a delay.

    7 May 2026 · Joy Online →

National Food Buffer Stock Company — Ghanaian press coverage · Ghana Minute