Background of National Food Buffer Stock Company (NAFCO)
Government, in line with its mandate to accelerate the modernisation of Agriculture and to increase the productivity of the Ghanaian farmer, has introduced a number of interventions to achieve this mandate.
These interventions include:
The introduction of block farms program which has made it possible for mechanisation and extension services to be spread out to cover a large acreage and a large number of farmers.
Increased subsidization of fertilizers and improved seeds.
The injection of more tractors and other farm machinery and equipment at subsidized prices for increased mechanisation
These interventions coupled with investment in irrigation over the last cropping season has led to a larger than anticipated increase in the production of cereals. To ensure the security of farmers and insulate them against losses resulting from the anticipated increases in production, the Ministry of Food and Agriculture has set up the National Food Buffer Stock Company (NAFCO)