The National Food Buffer Stock Company (NAFCO) has firmly denied allegations that it diverted funds intended for the payment of food suppliers.
A group of disgruntled food suppliers had previously accused the Buffer Stock Company of channelling money allocated for the Education Ministry to settle their outstanding loans.
These suppliers had been demanding payment of more than GH¢270 million for the food they had provided to various senior high schools across the country as part of the Free SHS policy.
In response to the accusations, Hanan Abdul-Wahab, the CEO of the Buffer Stock Company, refuted the claims, asserting the company’s commitment to settling all debts owed to its creditors.
He clarified, “Between 2021, 2022, and 2023, the entire Free SHS feeding budget is far more than even GH¢480 million, so it is clear that the figure is not correct. We have not received money from the Ministry that is meant to be paid to suppliers that we have not paid.”
Mr. Abdul-Wahab emphasized that the reports of fund diversion were unfounded, and the company remains dedicated to ensuring the well-being of its suppliers, stating, “The report is not true, and we are very focused on making sure that we will make life very comfortable for our suppliers.”
