National Buffer Stock Company reveals GH¢2.7bn in food supplies over five years
The National Buffer Stock Company Limited (GBSCL) in Ghana disclosed a total value of GH¢2.7 billion for food supplies procured between 2017 and 2022, according to Bryan Acheampong, Minister of Food and Agriculture. This revelation comes amidst a contentious situation with suppliers, as the company faces scrutiny over outstanding payments.
Appearing before parliament following a summons by the Speaker of Parliament, the Minister revealed a detailed breakdown of annual purchases. The figures showed GH¢81.1 million in 2017, GH¢296 million in 2018, and GH¢441 million in 2019. Subsequently, supplies for 2020 totaled GH¢467 million, with 2021 surging to GH¢692 million, and GH¢726 million in 2022.
While the payments were reportedly made in full up to 2021, the revelation that GH¢203 million in dues remained unsettled prompted weeks-long picketing by aggrieved food suppliers at the Buffer Stock’s premises.
Addressing the situation, Mr. Acheampong asserted that the government had taken steps to alleviate the suppliers’ concerns, releasing GH¢100 million to be paid immediately and committing to settle the remaining GH¢103 million next month.
In light of the Minister’s assurance, suppliers’ representatives expressed cautious optimism, and the Speaker of Parliament directed key Ministers, including Finance Minister Ken Ofori Atta, Education Minister Dr. Osei Yaw Adutwum, and Minister of Food and Agriculture Bryan Acheampong, to apprise the House on further actions to be taken to resolve the matter.
The picketing and subsequent parliamentary involvement underscore the significance of this issue, highlighting the delicate balance between the nation’s food security initiatives and the financial stability of key suppliers within the Ghanaian market.
