NAFCO records highest profit in 16 years, marking a significant turnaround in 2025
NAFCO posted a Net Profit Before Tax of GH¢91.7 million for 2025, its highest in 16 years.
In Brief
- •NAFCO posted a Net Profit Before Tax of GH¢91.7 million for 2025, its highest in 16 years.
- •The company's gross profit margin surged from 1.61% in 2024 to 13.96% in 2025.
- •NAFCO paid GH¢20.3 million in taxes to the state in 2025, the highest annual tax contribution in its history.
- •The company stocked 36,597 bags of maize, 21,287 bags of rice, and 5,982 bags of gari in warehouses across Ghana.
- •Despite financial gains, NAFCO faces working capital challenges, requiring measures to create a stronger buffer.
Why It Matters
NAFCO's record profit and improved financial performance highlight the company's strategic reforms and enhanced governance. These developments are crucial for ensuring food security and stability in Ghana. The company's efforts to stock food reserves and support second-cycle institutions under the Free SHS programme demonstrate its commitment to national development. However, the ongoing working capital challenges underscore the need for continued financial management and investment in the food buffer system.
Key Details
- Net Profit Before Tax
- GH¢91.7 million
- Gross Profit Margin
- 13.96%
- Tax Paid to State
- GH¢20.3 million
- Maize Stocked
- 36,597 bags
- Rice Stocked
- 21,287 bags
- Gari Stocked
- 5,982 bags
Context & Background
NAFCO has been a key player in Ghana's food security strategy, managing the national food buffer stock. The company has previously recorded profits in 2018, 2019, 2020, 2022, and 2023, but the 2025 profit was the highest in its history.
Original Reporting & Sources
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