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.
Sep 25, 2025
The Volta Regional Minister, James Gunu has commissioned and handed over a new office space for use by the National Food Buffer Stock Company (NAFCO) in Ho. The new office is expected to enhance the operations of the company for both the Volta and Oti Regions.
The two-room offices, an initiative of the Regional Minister, was rehabilitated and partly furnished by the Volta Regional Co-ordinating Council, following an appeal by the Chief Executive of NAFCO, Mr. George Abradu-Otoo upon assumption of office earlier this year.
Speaking at commissioning and handing-over ceremony in Ho, Mr. Gunu said the agrarian nature of the region coupled with the fact that agriculture is the biggest employer of the region’s inhabitants necessitated the need to forge partnership with NAFCO as the national aggregator.
According to him, the partnership is intended to ensure farmers in the region do not suffer post-harvest losses since a well-resourced NAFCO will be in position to provide ready market for farm produce.
“Sixty percent of our people are into agriculture …that is not enough. It is my intention that we deliberately use agriculture to improve the local economy and reduce unemployment, particularly among the youth. This is part of my 3-point agenda for the region”.
The Chief Executive of NAFCO, Mr. George Abradu-Otoo announced his outfit has received some financial resources from government to purchase surplus grains to forestall a potential glut and increase incidence of post-harvest losses in some parts of the country.
He described reported incidents of glut as regrettable and indicated that “in the next few days, Buffer Stock will be out there mopping up the excess grains into the National Food Security Reserve (NFSR) which has been revived on the orders of President John Dramani Mahama”.
He explained that the revival of the national food reserve further reflects government’s dedication to enhancing the livelihoods of smallholder farmers by creating an enabling environment where farming is made profitable, sustainable, and attractive to the younger generation.
He indicated that as part of the measures, NAFCO commenced processes to rehabilitate its Warehouses and other storage facilities dotted across the country to safeguard produce anticipated in bumper harvests as a result of the numerous interventions by government in the agriculture front.
He expressed gratitude to the Volta Regional Minister for spearheading the provision of offices to the company to promote its activities in the two regions.
The Volta Regional Manager of NAFCO, Mr. Bright Delali Kugbeadzor said the new office will improve service delivery in the region.
The ceremony attracted many dignitaries including Mr. Clement Kofi Humado, a former Minister for Food and Agriculture; Mr. Henry Ametefe, a former Deputy Volta Regional Minister; Regional Director of Agriculture, Mr. William Dzamefe; and Togbe Akamu V, Chief of Anlo Afiadenyigba.
Sep 25, 2025
The CEO of National Food Buffer Stock Company (NAFCO), George Abradu-Otoo, has visited Mawuli School at Ho to acquaint himself with the food supply situation. This is part of a two-day working visit to the Volta Region.
NAFCO and the Ghana Commodity Exchange (GCX) supply non-perishable food to state-assisted High Schools, Technical and Vocational institutions under the Free Senior High School programme, otherwise known as Free SHS.
Accompanied by the Company’s Head of Corporate Affairs, Emmanuel J. K. Arthur; Operations Manager, Aziz Peregrino-Braimah, and the Volta Regional Manager, Bright Delali Kugbeadzor.
The NAFCO boss held discussions with school officials, including the Headmaster, Benjamin Deh, who indicated the school had adequate food stocks for students’ upkeep. He told the visiting team that the food supply processes have seen much improvement over the last few months and expressed the hope that the gains will be further enhanced.
Mr Abradu-Otoo assured that the new leadership of the company is working hard to ensure all bottlenecks relating to the Free SHS food supplies are resolved for the programme’s smooth implementation.
“We are doing all we can to ensure the timely supply of food commodities to the schools. In doing so, it is our wish that quality and quantity are not compromised in any way”.
The team was conducted around the school’s food storage facilities. The Buffer Stock CEO and his team later inspected the state of a Warehouse at Dzodze in the Ketu North Municipality. The 1000 metric tonne capacity Warehouse was built by government under the One District One Warehouse initiative and is expected to be used for the storage of grains.
Ketu North Municipal Chief Executive, Rev. Martin Amenaki, who conducted the team around, said aside a few repair works, the Warehouse was in good condition to store food commodities. He said the utilisation of the facilities will offer significant relief to farmers in the area, most of whom experienced bumper harvests.
Mr Abradu-Otoo said urgent steps were being taken to put all such facilities across the country to use for the benefit of smallholder farmers in particular and agribusiness players in general as NAFCO seeks to revamp the National Food Security Reserve (NFSR).
SOURCE: MYJOYONLINE
