Tag: Ghana Commodity Exchange
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Farmers call for improved services from Ghana Commodity Exchange
The existing price gap between the open market and that of Ghana’s Commodity Exchange platform is one of the many challenges hampering the smooth operations of the later’s platform. According to stakeholders like the Peasant Farmers Association of Ghana, such teething challenges must be addressed before the scaling up of the platform. The farmers believe…
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Ghana Commodity Exchange lists rice on its trading platform
The Ghana Commodity Exchange (GCX) has added rice contracts to the number of commodities traded on its electronic trading platform. This move brings to five, the number of commodities listed by the GCX. Already, maize, soya bean, sorghum and sesame contracts for trade are already making grounds on the trading floor. Rice has over the…
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Ghana Commodity Exchange targets listing and trading of local rice in Oct.
The Ghana Commodity Exchange, which serves as a link between agricultural and commodity producers and buyers, says the listing of Ghana Rice on the Exchange is set for October this year. Already, the Exchange has listed maize, sorghum, soy bean, and sesame for trading. The addition of local rice would go a long way to…
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Ghana Commodity Exchange to add local rice to listed items
The Ghana Commodity Exchange, which serves as a link between agricultural and commodity producers and buyers, will soon add locally produced rice to its listed items. This comes after the approval of the Securities and Exchange Commission (SEC). This will bring to five the number of items the Exchange trades in including maize, sorghum, soy…
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Our buyers have reduced patronage due to COVID-19 – Ghana Commodity Exchange
The Ghana Commodity Exchange says due to the coronavirus pandemic, its buyers within the off-taking chain have reduced. The Exchange is a private-public partnership initiative that provides a regulated market linking buyers and sellers of commodities to trade. Already, the Exchange says the amount of produce it receives for the five listed items from mostly…
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COVID-19: Ghana Commodity Exchange laments 45% drop in produce from farmers
The Ghana Commodity Exchange, a private-public partnership initiative that provides a regulated market linking buyers and sellers of commodities to trade, says it has seen a 45% drop in farm produce channeled through its platform. The CEO of the Exchange, Dr. Kadri Alfah, who disclosed this to Citi Business News, blames the drop largely on…
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GCX working to reverse drop in trading due to COVID-19 – CEO
The Ghana Commodity Exchange (GCX), says it is working to reverse the drop in activities on its platform due to the impact of COVID-19 on its operations. The Exchange has seen a huge drop in trading on its platform since the outbreak of COVID-19 in Ghana, as farmers who used to supply it with commodities…
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GCX partners Venture Capital Trust Fund to support commodity traders
The Ghana Commodity Exchange has signed a Memorandum of Understanding with the Venture Capital Trust Fund (VCTF), to support brokers and help them have access to farmers in trading their farm produce. The move will also help thousands of farmers to get a good price for their harvest, while ensuring food security for the state.…
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Local rice to be listed on Ghana Commodity Exchange
Local rice production and consumption is expected to receive further boost as Ghana Rice will be listed on the Ghana Commodity Exchange, GCX. This is expected to be finalized in December this year, after clearance and certification from the Securities and Exchange Commission, SEC. The Ghana Commodity Exchange is a private company limited by shares,…
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Ghana Commodity Exchange to include local rice on traded items
The Ghana Commodity Exchange has completed feasibility studies into the local rice market ahead of the listing of the commodity on the exchange later this year. This will bring the number of listed products to three, including maize and soya bean. The move is to increase the production of rice in the country as well…