If we owed suppliers money that was two years beyond due, we would have shut down schools – Buffer Stock Company

Hanan Abdul-Wahab, the chief executive of the National Buffer Stock Company, vehemently refutes any claims that the business owes suppliers money that is more than two years past due.

Suppliers protested outside the National Food Buffer Stock corporation’s headquarters after the corporation was accused of having outstanding debts and paying suppliers late.

However, the CEO of the Ghana Buffer Stock mentioned the prospect of school closures in an exclusive interview on the Happy Morning Show with Samuel Eshun. This was in response to a rumour that the Buffer Stock Company had long-standing obligations to suppliers and could have to close down.

I want to state for the record that we have no supplier debts that are more than two years past due, he stated. As we speak, we don’t currently have any invoices that are older than two years. If we had, schools would already be closed.

The move was “the first of its kind,” he said, acknowledging the association’s complaints. He had been dealing with the suppliers since 2017, and the relationship had lasted six years. He said that the late payments were what drove the suppliers to decide to address their issues with the business directly.

Abdul-Wahab added that in order to address the problem, the Minister of Food and Agriculture has spoken with the suppliers, giving them promises and establishing deadlines for the transfer of monies.