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GEJWM4   1000  -  0 
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GKUWM3   1250  -  0 
GKUWM4   1100  -  0 
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GKUYM3   1180  -  0 
GKUYM4   1080  -  0 
GSAWM1   1340  -  0 
GSAWM2   1340  -  0 
GSAWSS4   5400  -  0 
GSAYM1   1340  -  0 
GTAWM2   1340  -  0 
GTAWM3   1384  -  0 
GTAWM4   1100  -  0 
GTAWSO3   1550  -  0 
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GTAYSB1   2000  -  0 
GTAYSB2   2000  -  0 
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GWAWM2   1340  -  0 
GWAWM3   1400  -  0 
GWAYM1   1479  -  0 
GWAYM2   1340  -  0 
GWAYSB1   2400  -  0 
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GWEYM2   1340  -  0 
    

News | Ghana Commodity Exchange

20 GHANA COMMODITY EXCHANGE COMMODITY GRADERS TRAINED TO GRADE CASHEW AND MANAGE QUALITY BY GSA – WITH THE SUPPORT OF UNIDO (GHANA COUNTRY OFFICE)

Date : 23rd Mar, 2020


20 GHANA COMMODITY EXCHANGE COMMODITY GRADERS TRAINED TO GRADE CASHEW AND MANAGE QUALITY BY GSA – WITH THE SUPPORT OF UNIDO (GHANA COUNTRY OFFICE) image


Source: Ghana Commodity Exchange

 

20 GHANA COMMODITY EXCHANGE COMMODITY GRADERS TRAINED TO GRADE CASHEW AND MANAGE QUALITY BY GSA – with the support of UNIDO (Ghana country office)

 

In preparation for trading cashew through a structured trading system, first of this kind in Africa, the Ghana commodity exchange in partnership with the United Nations Industrial Development Organization (UNIDO) have partnered to train twenty (20) commodity graders.

 

The training was conducted by the Ghana Standard Authority based on the International recognized ISO 6477 standards. This was also in line with UNIDO’s aim to support the development and implementation of some selected commodities key to Ghana’s industrialization and food security and ensure that they meet international standards especially for exports.

The training was aimed at supporting the GCX certified graders already grading and managing quality of other commodities to be able to grade and manage cashew quality required by cashew buyers in the international market as Ghana strives to increase exports in one of its non-traditional exports.

 

The Ghana commodity exchange (GCX) started operations in 2018 and has so far launch maize, soya, sorghum and sesame contracts for trading for immediate delivery. The GCX plans to introduce Rice and Cashew this year. If that happens, Ghana would be the first country in Africa to trade cashew through a commodity exchange backed by a warehouse receipts system.

 

Trading through the GCX will provide benefits for Ghanaian cashew farmers such as professional warehousing, grading and certification, pride discovery, reduced transaction cost and transparency. Ghana cashew farmers can also now access short term loans at affordable interest rates using their cashew as the sole collateral. This would reduce distress selling, which usually result in lower prices, particularly in the harvest season and help stabilize prices.

 

GCX operates a network of certified warehouses in Afram Plains, Kumasi, Ejura, Kintampo, Wenchi, Tamale, Sandema and Wa, where commodities are deposited by farmers for processing and storage. The warehouses are well equipped to receive, clean, dry, grade, weigh, and re-bag grains into standard 50kg bags for storage. Ghana Commodity Exchange undertakes regular fumigation and de-infestation, stock management, risk management, auditing and other fiduciary requirements until the grain is picked up by a buyer.