check out this piece on Ghana’s Commodity Exchange
On Tuesday 6th November 2018, the President of Ghana, Nana Akufo-Addo, opened the Ghana Commodity Exchange (GCX), a platform for buying and selling listed agricultural commodities. It is the first of its kind in West Africa, and one of three on the African continent, and is meant to make Ghana the agricultural hub of the sub region. The Exchange has started with spot trading and hopes to introduce futures trading as time goes on.
The GCX is set to ensure standardization of agricultural commodities and prices. Through the secure storage facilities to be provided for farmers, it is expected that post-harvest losses will be minimized, there by leading to better food security for the nation; and stable income flow for farmers as well as agribusinesses. This should lead to a minimization of imports and more exports.
A commodity exchange is an organized marketplace where buyers and sellers come together…
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