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Modern Ghana·3 min read·medium

SIGA applauds NAFCO for turning GH¢19m loss into GH¢91.7m profit

SIGA applauds NAFCO for turning GH¢19m loss into GH¢91.7m profit
AI Summary

The State Interests and Governance Authority (SIGA) has praised the National Food Buffer Stock Company (NAFCO) for a significant financial turnaround. NAFCO moved from a loss in 2024 to a substantial profit in 2025, attributed to internal governance and structural reforms.

Why it matters

This highlights the potential for state-owned enterprises to achieve fiscal sustainability through improved management and transparency.

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The State Interests and Governance Authority (SIGA) has commended the National Food Buffer Stock Company (NAFCO) for achieving what it describes as one of the most impressive financial turnarounds by a State Owned Enterprise in Ghana.

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businesseconomy
Political Bias
Center
LeftLean LCenterLean RRight
Confidence: 70%

The report focuses on official financial disclosures and government commendations without editorializing.

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