Nov 13, 2025
The Chamber of Agribusiness has appealed to the government to increase the budgetary allocation to agriculture to at least 10% of the country’s Gross Domestic Product (GDP).
The government allocated some GH¢1.54 billion to the agriculture sector in the 2025 Budget. This represented about 0.115% of the projected GDP for 2025.
Sharing his expectation ahead of the 2026 Budget, the Chief Executive of the Chamber, Anthony Morrison, said, some significant investment will be needed in improving the weak infrastructure system within the agriculture value chain, which hinders growth and competitiveness, both locally and internationally.
“I think that fundamentally, we need to increase the current 3% threshold of GDP to agric, to at least 10%.” He said.
“With regards to the budget, I think more emphasis needs to be placed on addressing the weak infrastructure system that we have in the country. There must be an intensification of mechanisation and deliberate policies to attract the youth into key areas of production,” Mr. Morrison told JoyBusiness, emphasising the need for targeted investments to address structural bottlenecks.
He further highlighted the importance of making Ghana’s agricultural exports globally competitive.
Nov 12, 2025
The leadership of the Greater Accra Poultry Farmers Association paid courtesy call on our Chief Executive Officer, Mr George Abradu-Otoo in Accra on Wednesday.
The meeting discussed the current glut of eggs, foreign players in the sector, and the overall development of the sector.
Nov 12, 2025
A delegation from the Oil Palm Development Association visited the Head Office of National Food Buffer Stock Company (NAFCO) to hold discussions on areas of interests.
The meeting discussed the consumption of locally produced palm and vegetable oils, smuggling, wholesome and traceability issues.
The parties agreed to collaborate on the Free SHS feeding in schools.
Oct 25, 2025
The National Food Buffer Stock Company (NAFCO) has inaugurated its first-ever Audit Committee since the company’s establishment in 2010. The formation of the committee is in compliance with Section 86 (1) of the Public Financial Management Act, 2016 (Act 921), which requires all entities subject to auditing by the Auditor-General — including Ministries, Departments, and Agencies — to establish an Audit Committee.
The committee will oversee financial reporting, internal controls, and risk management, and monitor both internal and external audits of the company. Members of the committee include Stephen Baffoe, Board Member of NAFCO; Janet Chigabatia-Adama, Board Member of NAFCO; Sophia Apotey and Christian Adinkrah from the Internal Audit Agency; and Joana Marfo, representing the Institute of Chartered Accountants, Ghana.
Frank Yeboah Sintim serves as Secretary.
The Director-General of the Internal Audit Agency, Thomas Thompson-Aryee, administered the Oaths of Office and Secrecy to the five-member committee and urged them to uphold prudence, scrutiny, and due diligence in public financial administration.
He emphasised the importance of strict compliance with Act 921.
NAFCO’s Chief Executive Officer, George Abradu-Otoo, said the establishment of the Audit Committee forms part of broader reforms to strengthen internal controls and reduce financial risks in the management of resources.
He cited the creation of a Procurement Department and the strengthening of the Internal Audit Department as key measures to promote transparency and accountability.
“The setting up of this important Committee is part of several steps taken by management and the new Board to ensure prudent and efficient use of resources—both monetary and material.
“We have strengthened the Internal Audit Department with the recruitment of an experienced officer to head it and created a Procurement Department to scrutinise all spending and purchases to ensure conformity with the law.
“With these interventions, we expect financial irregularities and audit infractions to become a thing of the past,” he said.
The Board Chairman of NAFCO, Dr Eric Osei-Owusu, said the new Board has taken decisive steps to ensure efficient utilisation of the company’s resources.
Chairperson of the Audit Committee, Madam Sophia Apotey, pledged that the committee will ensure the company’s internal control systems are robust and effective in mitigating risks.
“We will ensure the organisation operates within the legal and ethical framework and complies with all relevant regulations,” she assured.
Source: MYJOYONLINE
Oct 24, 2025
The Director-General of the Internal Audit Agency, Mr. Thomas Thompson-Aryee has inaugurated the Audit Committee of the National Food Buffer Stock Company ( NAFCO) at a brief ceremony in Accra.
The setting of the 5-member committee is compliance with Section 86 (1) of the Public Financial Management Act ( Act 921) passed by parliament in 2016.
The CEO of NAFCO, Mr George Abradu-Otoo said the committee was part of many reforms he is implementing to forestall financial irregularities and audit infractions.
Present at ceremony were members of the governing board of NAFCO including it’s Chairman, Dr. Eric Osei-Owusu.
Oct 23, 2025
Members of the Governing Board of National Food Buffer Stock Company (NAFCO) have undergone an orientation programme in Accra to prepare them in their new role.
The one-day event saw facilitators from the Public Service Commission (PSC), State Interest and Governance Authority (SIGA) and the 24-Hour Economy Secretariat.
The Board members were taken through topics such included Corporate Governance in the Public Sector, Compliance with Statutory Requirements, Risk Management by Boards of Specified Entities, Conflict Resolution, and Resetting the Boards of Specified Entities.
The 9-member board was inaugurated in June this year to provide strategic direction to the company.
Among the Resource Persons was Mr. Augustus Goosie Tannoh, the Presidential Advisor for 24-Hour Economy and Accelerated Export Development.
