Nana B led NAFCO governing board sworn into office
President Akufo-Addo has appointed Henry Nana Boakye, as the Board Chairman of the National Food Buffer Stock Company (NAFCO)
Governing Board of the National Food Buffer Stock Company (NAFCO) has been inaugurated by the Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto in Accra today the 17th of August 2021.
The seven-member Board is chaired by Legal Practioner and National Youth Organizer of the New Patriotic Party (NPP), Henry Nana Boakye (Nana B) and includes the re-appointed Chief Executive Officer, Mr. Hanan Abdul-Wahab.
Other members of the Board are Alhaji Mashud Mohammed, Dr. Emmanuel Adu-Sarkodee, Hon. George Oduro, Mr. Lee Frempong and Nana Ampaw Frimpong.
The board, is expected to support the management of NAFCO led by its Chief Executive Officer, Alhaji Hanan Abdul-Wahab, to become an effective tool for maintaining price stability in the domestic market in support of government’s economic policies.
Responsibility ahead
The board chair and the NAFCO team will also be expected “to ensure the security of farmers and insulate them against losses resulting from anticipated increases in the production of cereals, including maize, rice, and soya bean, in order to stabilize prices on the local market as well as earn foreign exchange in support of government and private sector efforts, through sound commercial practices within the parameters of socially, legally and ethically acceptable norms of trade”.
It is also expected that Nana B together with officers of NAFCO will expand the demand for food grown in Ghana by selling to state institutions such as the military, schools, hospitals, prisons.
Reposed Confidence
The huge success witnessed by the nation with regard to the implementation of government’s educational flagship program ‘Free SHS’ has largely depended on NAFCO in the provision of enough food stuffs to feed the over 1.2 million students in the hundreds of senior high schools across the country.
The appointments of the Youth Leader of NPP, Nana B and Alhaji Hanan, clearly demonstrates President Akufo-Addo’s confidence in the competence and skill set of youth to handle delicate portfolios in his government.
NAFCO
NAFCO is a public enterprise that provides strategic support to the Agriculture sector of the economy. It was incorporated under the Companies Code of Ghana, 1963, Act 179 on 11th March 2010.
NAFCO is a limited liability company, wholly owned by the Government of Ghana with the mandate to guarantee an assured income to farmers by providing a minimum guaranteed price and ready market to mop up excess produce from all farmers in order to reduce post-harvest losses resulting from spoilage due to poor storage, thereby protecting farm incomes.
NAFCO also purchases, sells, preserves and distributes food stuffs produced in the country ostensibly to ensure stability in demand and supply.
Wilberforce Asare
Asaase Radio 99.5 – tune in or log on to broadcasts online
Follow us on Twitter: @asaaseradio995
#AsaaseRadio
#TheVoiceofOurLand
