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September 28, 2026
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2027 budget to provide for grain silos – Agric Minister
Money
Policy
Opportunity
Growth
Key Points
- Adequate budget allocations will be made next year for the construction of grain silos to store Ghana's growing cereal surplus, with maize production exceeding demand by 1 million tonnes last year.
- The Minister of Food and Agriculture urged the Ghana Food Buffer Stock Company (NAFCO) to play a critical role in building silos and strengthening its capacity to mop up excess production, thereby creating a reliable market for farmers.
- NAFCO has been directed by the government to release 50,000 bags of grains to repay an outstanding obligation to ECOWAS, which had lent grains for Ghana's School Feeding Programme in 2018.
- A new policy mandates NAFCO to ensure suppliers for public feeding programmes, such as Free SHS, purchase food directly from Ghanaian farmers instead of relying on imported produce to support local production.
- NAFCO reported a record net profit before tax of GH¢91.7 million in 2025, erasing a previous loss and marking its highest profit, along with a record GH¢20.3 million tax contribution to the state.
Why This Matters
This article highlights Ghana's commitment to strengthening food security, reducing post-harvest losses, and boosting local agricultural production. The planned investment in storage infrastructure and the directive for local sourcing are crucial steps towards a more resilient and self-sufficient food system, directly impacting farmer livelihoods and the national economy. NAFCO's financial turnaround also signifies improved efficiency in a key public institution vital for agricultural stability.
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