Nana B appointed Board Chairman of National Buffer Stock company

President Akufo-Addo has appointed the National Youth Organizer of the ruling New Patriotic Party (NPP), Henry Nana Boakye (Nana B) as the Board Chairman of the National Food Buffer Stock Company (NAFCO).

Meanwhile, the President has also re-appointed Alhaji Hanan Abdul-Wahab as the Chief Executive Officer of NAFCO.

NAFCO

NAFCO is a public enterprise that provides strategic support to the Agriculture sector of the economy.

The National Food Buffer Stock Company (NAFCO) was incorporated under the Companies Code of Ghana, 1963, Act 179 on 11th March 2010. It 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 foodstuffs produced in the country ostensibly to ensure stability in demand and supply