George Abradu-Otoo is the Chief Executive Officer of NAFCO
Chief Executive Officer of the National Food Buffer Stock Company (NAFCO), George Abradu-Otoo, has assured farmers across the country that funds are readily available to pay for surplus grains being purchased under the government’s strategic food reserve initiative.
Speaking to GhanaWeb Business on October 24, 2025, Abradu-Otoo confirmed that licensed aggregators are currently on the ground collecting excess produce from farmers and transporting it to NAFCO storage facilities.
Touching on fair pricing, Abradu-Otoo said the Ministry of Agriculture, the Peasant Farmers Association and other key stakeholders were consulted to ensure farmers receive the right value for their produce.
“We have already secured the money. The money is sitting in our accounts to pay them when they make their deliveries. And to get a fair price for our cherished farmers, we set up a pricing committee comprising representatives from various institutions, the Ministry of Agriculture, Peasant Farmers Association and others,” he explained.
“They met, assessed all the parameters and agreed on prices that would be fair to farmers,” he added.
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Abradu-Otoo further noted that NAFCO is committed to maintaining the nutritional integrity of the grains in storage, which will be released during lean seasons or periods of rising food prices.
This, he explained, is part of a broader strategy to stabilise market prices and curb inflation.
“As of now, the aggregators, the licensed companies we selected to do the mopping up, are in the field. They collect the produce and send it to our warehouses where we will preserve the food properly before releasing it onto the market to ensure good nutritional value and quality for consumers,” he stated.
The government directive, issued in September, tasked NAFCO with purchasing surplus grains from farmers nationwide.
The move follows forecasts of bumper harvests this season, coupled with unsold carry-over stocks from 2024.
According to the Ministry of Food and Agriculture (MoFA), the initiative is designed to prevent a market glut, reduce post-harvest losses, and build up strategic reserves to protect the country against future food shortages and emergencies.
Officials have stated that the intervention will not only provide immediate relief to farmers but also help stabilise food supply and reinforce Ghana’s long-term food security.
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