GH¢770m Needed to Tackle Food Glut, Govt Gives Only GH¢200m – Buffer Stock Company
CEO George Abradu-Otoo says current GH¢200m allocation insufficient as farmers face surplus produce challenges.
- Buffer Stock Company requested GH¢770m to manage food surplus nationwide
- 2026 budget allocates only GH¢200m, described as “a drop in the ocean.”
- Company is actively buying excess produce to ease market pressures
The National Food Buffer Stock Company has revealed that it requested GH¢770 million to address the growing food glut across Ghana, but the 2026 budget currently allocates only GH¢200 million.
Speaking to the media, CEO George Abradu-Otoo described the amount as “a drop in the ocean”, highlighting the longstanding funding gaps that have limited the Buffer Stock Company’s ability to purchase and store excess produce from farmers.
He explained that in previous years, the company never received dedicated funds to mop up surplus crops at farm gates.
“Initially we were given GH¢100 million. The minister recently added another GH¢100 million. I hear in the next budget, there’s GH¢200 million coming. It’s like a drop in the ocean, but I am happy because this is the first time this is happening,” Abradu-Otoo said.
He added that while the requested GH¢770 million far exceeds current allocations, the company has already deployed agents to purchase excess produce, aiming to reduce the glut in key food crops.
“This is the beginning. We are in the field now, and very soon the noise will go down,” he said.
The CEO stressed that adequate funding is crucial to support farmers and stabilize the market, ensuring that surplus crops do not go to waste.
