President John Mahama has instructed Finance Minister Dr. Cassiel Ato Forson to release an additional GH₵200 million to purchase surplus maize from farmers affected by the current market glut.
Addressing the Nkoko Nkitinkiti Poultry Initiative launch in Kumasi, Mahama explained that an earlier GH₵100 million allocation to the National Buffer Stock Company (NAFCO) was insufficient to absorb the surplus, leaving prices low and farmers unable to make profits.
“Our farmers are worried. The first GH₵100 million has been used, but there’s still a lot of maize on the market, and prices remain low,” he said. “I’ve directed the Finance Minister to release an additional GH₵200 million to buy the remaining surplus and store it for future use.”
The President also said similar interventions would target rice, while new measures would support poultry farmers. He instructed that eggs be included in school feeding programmes and excess rice purchased from local farmers to prevent losses.
“No Ghanaian farmer should suffer losses simply because they produced in abundance,” Mahama emphasised, reiterating his administration’s commitment to stabilising food prices, protecting livelihoods, and strengthening the agricultural value chain.
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