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Ghana Releases 50,000 Bags of Grain to ECOWAS to Settle 2018 Borrowing

The National Food Buffer Stock Company will send the grain as payment for the West African community, marking a turnaround in its financial performance and a surplus in domestic maize production.

Minister Eric Opoku announces grain release at NAFCO meeting
Ghana Releases 50,000 Bags of Grain to ECOWAS to Settle 2018 Borrowing

The Ghanaian government has instructed the National Food Buffer Stock Company (NAFCO) to ship 50,000 bags of grain to the Economic Community of West African States (ECOWAS) to settle the country’s outstanding debt from a 2018 borrowing arrangement that supported the School Feeding Programme.

Minister of Food and Agriculture Eric Opoku announced the directive at NAFCO’s Annual General Meeting, noting that the company currently holds 20,433 metric tonnes of grain in its warehouses – enough to cover the repayment.

Opoku highlighted the progress made under the Feed Ghana Programme, citing 4.6 million tonnes of maize harvested in 2025 against a national demand of 3.6 million tonnes, creating a surplus of one million tonnes.

The minister also reported a dramatic shift in NAFCO’s financials, moving from a 19 billion‑ceded net loss in 2024 to a 91.7 billion‑ceded net profit before tax in 2025, with the gross profit margin rising from 1.61 percent to 13.96 percent.

George Abradu‑Otoo, NAFCO’s CEO, explained that the company has strengthened its auditing, procurement and food‑safety functions, and is working to establish a warehouse in every district to secure food storage across the country.

With the grain release scheduled, Ghana aims to honour its regional commitments while showcasing the gains of its agricultural policy reforms.

Written by

Daniel

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