The National Food Buffer Stock Company requires a minimum of 770 million Ghana cedis to address a severe nationwide food surplus, according to its Chief Executive Officer, George Abradu-Otoo. He stated that an anticipated allocation of 200 million cedis in the upcoming national budget is insufficient, describing it as a drop in the ocean.
Abradu-Otoo explained that this funding shortage has exposed deep-rooted challenges for the institution, which has never before received dedicated government money for purchasing surplus produce from farmers. He confirmed that the company has already begun deploying agents to farming communities to buy excess goods for storage in its warehouses.
This action aims to alleviate pressure on farmers who are facing significant difficulties selling their harvests, a situation that has led to considerable post-harvest losses in major agricultural regions.
Abradu-Otoo explained that this funding shortage has exposed deep-rooted challenges for the institution, which has never before received dedicated government money for purchasing surplus produce from farmers. He confirmed that the company has already begun deploying agents to farming communities to buy excess goods for storage in its warehouses.
This action aims to alleviate pressure on farmers who are facing significant difficulties selling their harvests, a situation that has led to considerable post-harvest losses in major agricultural regions.
