• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana Commodity Exchange to be fully operational today

06/11/2018
Reading Time: 1 min read
Ghana Commodity Exchange, electronic warehousing receipt, ghanatalksbusiness.com, GCX
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

President Akufo-Addo will today November 6, 2018 unveil the official operations of the Ghana Commodity Exchange (GCX), a platform for trading agric commodities.

The Ghana Commodity Exchange is a regulated market that links buyers and sellers of commodities to trade by the rules while assuring the market of quality, timely delivery, and settlement.

Minister for Information, Kojo Oppong Nkrumah who disclosed this at a presser in Accra said government currently holds 100% shares of GCX.

According to the Information Minister, the exchange in the first twelve months will trade staple foods including maize, soybean, rice, dry beans, millet, sorghum, and groundnut.

“However, there are plans that from twelve months to twenty-four months, the GCX will trade in cashew, cocoa, timber, shear- butter and vegetables. The GCX after three years, will trade in metals, minerals, petroleum and gas” he said.

He added that trading through the commodity exchange will offer benefits such as standardized weights and grades of commodities, guaranteed prompt payments, access to multiple and premium buyers.

Ghana Commodity Exchange will also offer a larger market and secured storage facilities. There is also access to financial services and risk management tools such as insurance.As such buyers do not have to move to gather the quantity of commodities needed.”

Kojo Oppong Nkrumah also stated that Ghana Commodity Exchange would address the needs of all farmers, reduce problems like post-harvest losses and storage issues.

ghanatalksbusiness

Previous Post

How to build a successful business in Africa

Next Post

Ultra-modern Anaji Choice Mart opens in Takoradi

Related Posts

Rules for a Successful corporate career, ghanatalksbusiness.com

Five Rules for a Successful Corporate Career

04/02/2022
Ghana Business Awards 2021, ghanatalksbusiness.com

Introducing the big winners at the Ghana Business Awards 2021

02/11/2021
NIA registration, ghanatalksbusiness.com

Lessons from Ghanaian business models that fade out due to “over subscription”

12/12/2019
Bank_of_Ghana_drops_a_list_of_unlicensed_deposi_taking_entities

Bank of Ghana drops a list of unlicensed deposit-taking entities in Ghana

08/11/2018
rural_banks, ghanatalksbusiness

Minimum Capital Requirement: 4 Rural Banks ready to merge

08/11/2018
surfline_head_office

Surfline head office closed down evading GH¢37 million tax

31/10/2018
Next Post
Anaji_Choice_Mart

Ultra-modern Anaji Choice Mart opens in Takoradi

Identifying Gaps in the Market for Your Small Business

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In