Peter Bismark Kwofi, a seasoned policy analyst, has stepped boldly into the unfolding controversy surrounding the Buffer Stock Company. The company, recently shaken by allegations of misappropriation involving its former CEO, Abdul-Wahab Hanan, and his wife, is now under intense scrutiny.
Kwofi believes the company has long battled an operational crisis, particularly in its procurement processes. Speaking on Ahotor News, he voiced serious concerns about the lack of transparency, pointing out that there is no reliable data tracking their daily activities—a situation he described as deeply troubling.
Highlighting the urgency of the matter, Kwofi called for immediate government intervention to halt what he referred to as a “low hanging fruit” approach that risks plunging the government into unnecessary debt. He emphasized that without strong oversight and reforms, the company’s problems will only deepen.
Stressing the importance of modernization, he urged the Buffer Stock Company to fully embrace technology across all facets of its operations. “Integrating technology, along with consistent filing of annual and mid-year tax returns—and active involvement from institutions like PIAC and other state bodies—will significantly improve transparency and efficiency,” Kwofi advised.
He also suggested that updating the company’s website could be a crucial step towards better public accountability and stakeholder engagement. In his view, these changes are not just beneficial but essential to restoring trust and safeguarding public resources.
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Source: Richard Nana Appiah Kubi