GoldBod earns US$1.871 billion in September, beating its US$1.4 billion target
The Ghana Gold Board says most of the dollars went to commercial banks and the Bank of Ghana, and it now aims higher for October.
NAFCO swings to GH₵91.7 million profit for 2025 after loss a year earlier
Food and Agriculture Minister Eric Opoku welcomed the turnaround at the state buffer-stock firm, whose chief executive says money worries remain.
Sensitive story. Allegations are reported as allegations, not as established fact.
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Pinned summary · as of
The National Food Buffer Stock Company (NAFCO) closed 2025 in the black, reporting GH₵91.7 million in profit after losing money the year before, according to results shared at its September 2026 annual general meeting. Food and Agriculture Minister Eric Opoku received the results warmly, and reports say the company now holds about 20,443 metric tonnes of grain.
What we know
- For 2025 NAFCO reported GH₵91.7 million in profit, a reversal from a loss of about GH₵19.4 million in the previous year, according to The Vaultz News, Opemsuo 104.7 and MyJoyOnline.
- The results were presented at the company's annual general meeting, where Minister Eric Opoku spoke. He described the outcome as encouraging and urged tighter management of the country's food stocks.
- NAFCO currently holds roughly 20,443 metric tonnes of grain, The Vaultz News and Opemsuo 104.7 both reported.
- Management credited the recovery to internal reforms, among them a separate procurement department and stronger internal audit and food safety units. The board was also reconstituted with new committees.
- Work is under way to repair and enlarge NAFCO's warehouses. Opemsuo 104.7 named Yendi, Tamale, Wenchi, Sunyani and Kumasi among the sites, and MyJoyOnline said the effort has backing from the ministry, ECOWAS and the World Food Programme.
What's disputed / unconfirmed
- Opemsuo 104.7 gave the 2024 loss as GH₵19 million, while The Vaultz News and MyJoyOnline put it at GH₵19.4 million.
- The Vaultz News reported that the minister told NAFCO to hand over 50,000 bags of grain to settle Ghana's outstanding debt to ECOWAS, a debt it linked to grain borrowed in 2018 for school feeding. No other report has confirmed the instruction.
- MyJoyOnline quoted NAFCO chief executive George Abradu-Otoo as saying 2025 brought the company's biggest profit in its 16 years. The Ghanaian Chronicle carried the same claim, but it has not been independently confirmed.
- The Vaultz News and The Ghanaian Chronicle said the gross margin jumped sharply, reaching 13.96 per cent in 2025 after standing at only 1.61 per cent in 2024. MyJoyOnline and the Chronicle said GH₵20.3 million went to the state as tax for 2025. Neither figure has been confirmed by a second independent report.
- The Ghanaian Chronicle reported that Mr Abradu-Otoo described the company's cash position as adequate but thin, with a liquidity reading of 1.18 last year against 1.07 the year before and a goal of going above 1.5. He also said working capital needs government attention, as majority shareholder. This has not been confirmed by other reports.
- MyJoyOnline reported that GH₵100 million in government money went into relaunching the company's National Food Reserve Programme, and that all 16 regional offices are now working. Other reports have not confirmed these points.
Why it matters for Ghana
NAFCO buys grain from farmers and supplies food for public programmes, so its finances affect farm incomes and the reliability of stocks held for emergencies. Warehouse repairs in the north and in Kumasi bear directly on how much surplus maize and rice can be bought and kept. Concerns about cash flow, if confirmed, would affect how far the company can keep paying suppliers.
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