NAFCO requires GHc770m to purchase surplus rice and grains from farmers
The National Food Buffer Stock Company (NAFCO) has indicated that it requires at least GH¢770 million to purchase excess rice and other grains from farmers across the country.
This follows growing concerns from farmers who say they are struggling to sell their produce due to limited market access.
Some farmers have also accused NAFCO of failing to fully implement a directive by former President John Dramani Mahama to prioritise the purchase of locally produced rice for schools. They claim that some senior high schools continue to rely on imported rice instead of sourcing from local farmers.
Speaking on the Citi Breakfast Show on Tuesday, May 5, 2026, NAFCO spokesperson, Emmanuel Arthur, said the GH¢100 million released by the government is insufficient to absorb the large quantities of grains currently held by farmers.
He explained that NAFCO had earlier communicated to the government its need for no less than GH¢770 million to effectively purchase the surplus produce. However, due to financial constraints, only GH¢100 million was released in 2025 as an initial disbursement.
Mr. Arthur added that the government has assured the company of additional funding in the 2026 national budget. Although about GH¢200 million has been indicated, the amount has yet to be disbursed.
The funding gap has heightened pressure on the government, as many local rice farmers warn that delays in purchases are affecting their incomes and leaving large quantities of produce unsold.
The government had previously tasked NAFCO to procure rice from local farmers to support the Free Senior High School programme and reduce reliance on imported food.
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