The Ministry of Food and Agriculture (MoFA) says resources have been allocated to the National Food Buffer Stock Company (NAFCO) to purchase excess maize and rice grains on the market.
In a statement copied to the Ghana News Agency, MoFA explained that the move was in anticipation of a bumper grain harvest in the 2025 season, alongside unsold carry-over stocks from 2024.
“For the first time since the establishment of the National Food Buffer Stock Company, the government has provided significant resources to enable NAFCO to purchase surplus produce for storage,” it said.
The Ministry added that the intervention would help reduce post-harvest losses while ensuring adequate food reserves to cushion the country against shortages and emergencies.
Farmers were urged to remain calm and confident as NAFCO readies to buy their grains to mitigate the impact of excess produce on the market.
MoFA assured the public that it was working with relevant stakeholders to ensure every grain produced by Ghanaian farmers found a sustainable and profitable market.
The Chamber of Agribusiness Ghana (CAG), however, had earlier warned that the grain industry was edging towards crisis, with more than 100,000 metric tonnes of maize and rice from the 2024 harvest unsold.
According to CAG, the glut had forced farmers to sell below production costs, pushing mills towards collapse and threatening national food security.
It added that smuggled rice and maize, which evade duties and quality checks, were flooding the Ghanaian market at artificially low prices, undermining farmer incomes and weakening the domestic value chain.
The Chamber reiterated its call for guaranteed minimum prices to stabilise farmer livelihoods.
