Audio By Carbonatix
Deputy Ranking Member on the Food, Agriculture and Cocoa Affairs Committee, Godfred Seidu Jasaw, has criticised the underutilisation of the National Food Buffer Stock Company.
According to him, the underutilisation is as a result of politicisation rather than its intended purpose.
He stated that the National Food Buffer Stock Company was not primarily established to support the school feeding programme, contrary to some perceptions.
Speaking on JoyNews’ AM Show on August 27, he said, “We have always not utilised the national buffer stock for one reason."
"It was just political inciting between the last minister of agriculture and the CEO of buffer stock. The core activity was for the buffer stock to have licensed buying companies of subsidiary across the country.”
According to Mr Jasaw, each year, the Buffer Stock sets commodity prices for grains based on production costs.
“If a bag of maize is 50 cedis, the buffer stock will add a margin and make it 60 cedis, so that the farmer can be encouraged to sell to the market or the buffer stock and yet not run at a loss. That way the farmer is encouraged to continue producing in subsequent years,” he explained.
However, he pointed out that the Buffer Stock has failed to fulfill this role effectively.
“So they don’t announce commodity prices, they don’t have money to go and buy excess food produce in the market and so what happens is that, the farmers also cannot hold this produce. They do not have good storage and processing systems.”
"We should stop the politics of it. We have a reality. We have a challenge on the ground and our population is at the risk of food insecurity,” he said.
Latest Stories
-
Alhassan Suhuyini makes Christmas donations to churches within Tamale North Constituency
36 minutes -
Meet 81-year-old father of UCC Acting Vice-Chancellor, who recently graduated with an MBA
54 minutes -
Did you know that Ken Ofori-Atta’s lawyer, Enayat Qasimi, is the ‘Ken Ofori-Atta of Afghanistan? – Kay Codjoe writes
1 hour -
Kidnap suspect arrested in Tamale as Police rescue victim after four days
1 hour -
Tema Oil Refinery resumes crude refining after years of shutdown
2 hours -
Kojo Antwi thrills fans with regal entry, marathon performance at ‘Antwified’ concert
2 hours -
Ofori Amponsah surprises KiDi at ‘Likor On The Beach’ 2025
2 hours -
Joy FM thanks sponsors, partners and patrons after spectacular 2025 Family Party-in-the-Park
2 hours -
‘Christmas babies’ and their mothers in Volta and Oti regions receive MTN hampers
3 hours -
One dead, another injured after accident at Atwedie
3 hours -
Maggi Waakye Summit draws thousands as Ghana’s biggest waakye festival returns
4 hours -
Western Regional Minister urges Ghanaians to use Christmas to deepen national cohesion
4 hours -
Thousands turn Aburi Gardens into a festive paradise at Joy FM’s Party in the Park
4 hours -
Source of GOLDBOD’s trading funds questioned amid reported $214m loss
5 hours -
Kind Hearted Beings Charity spreads joy during festive season
5 hours
