As part of efforts to address the rising cost of food in recent months, the National Food Buffer Stock Company is set to roll out a programme to drive down prices on the market.
The Buffer Stock will do this through the direct supply of foodstuff at competitive prices.
According to the management of the Stock, the initiative, dubbed Price Stabilisation programme is to ensure that citizens gave access to foodstuffs at an affordable price.
The management disclosed this when the Speaker of Parlaiment paid a surprise visit to the firm.
“There is an ongoing consultation between the Greater Accra Regional Minister and the Buffer Stock Company Limited. They are looking at the situation whereby the government can buy foodstuff and bring it to the major market. This will help in the price stabilisation as other actors in the market are taking advantage of the government’s inability to provide this alternative to sell their commodities to consumers at any price that they deem fit.”
Chief Executive Officer Hanan Abdul-Wahab indicated that the Buffer Stock is making impressive strides to store more food for later distribution to schools contrary to assertions that it was underperforming.
He further explained that the challenges facing the company have to do with the food products that are imported, but efforts are being made to find locally produced alternatives.