Hanan Abdul-Wahab
The National Food Buffer Stock Company Limited (NAFCO) has put in place a five-year Strategic Plan to scale up operational efficiency and ensure all-round growth.
NAFCO remains a delicate state establishment in promoting food security in Ghana, and in the wake of the COVID-19 pandemic and its attendant lockdown, NAFCO played a critical role in government’s provision of cooked and dry foods to vulnerable Ghanaians.
NAFCO has also significantly contributed to the successful implementation of government’s flagship programme, Free SHS, specifically, in the area of feeding of 1.2 million students daily.
At a three-day Board and Management retreat held at the behest of Henry Nana Boakye ESQ (Board Chairman) and Mr. Hanan Abdul-Wahab (CEO), NAFCO had extensive engagement with experts and stakeholders to draft a much responsive and relevant five-year Strategic Plan.
Stakeholders present were the Parliamentary Select Committee on Agriculture and Cocoa Affairs led by John Osei-Frimpong (MP for Abirem), Emmanuel Anhwere and Dr. Seidu Jasaw; Joseph Cudjoe (Minister of Public Enterprise); Gifty Twum Ampofo (Deputy Minister of Education); Stephen Asamoah Boateng (CEO of State Interests and Governance Authority) and Asante Krobea from the Ministry of Food and Agriculture.
The Board Chairman said it is expected that the five-year Strategic Plan will enable NAFCO to perform its mandate in excellence.
NAFCO was incorporated under the Companies Code of Ghana, 1963, Act 179 on March 11, 2010.
It is a limited liability company, wholly owned by the Government of Ghana with the mandate to guarantee an assured income to farmers by providing a minimum guaranteed price and ready market, to mop up excess produce from all farmers in order to reduce post-harvest losses resulting from spoilage due to poor storage, thereby protecting farm incomes.
NAFCO also purchase, sell, preserve and distribute food stuffs produced in the country ostensibly to ensure stability in demand and supply.