GAPWM3   1,100  -  0 
GAPYM2   1,200  -  0 
GAPYM4   1,160  -  0 
GEJWM1   1,240  -  0 
GEJWM2   1,200  -  0 
GEJWM3   1,100  -  0 
GEJWM4   1,000  -  0 
GEJYM2   1,200  -  0 
GEJYM3   1,000  -  0 
GKIWM1   1,200  -  0 
GKIWM2   1,200  -  0 
GKIWM3   1,200  -  0 
GKIWM4   1,100  -  0 
GKIYM3   1,120  -  0 
GKUWM1   1,480  -  0 
GKUWM2   1,200  -  0 
GKUWM3   1,240  -  0 
GKUWM4   1,060  -  0 
GKUYM1   1,480  -  0 
GKUYM3   1,120  -  0 
GKUYM4   1,100  -  0 
GSAWM1   1,200  -  0 
GSAWM2   1,200  -  0 
GSAWSS4   5,400  -  0 
GSAYM1   1,300  -  0 
GSAYM2   1,300  -  0 
GTAWM2   1,340  -  0 
GTAWM3   1,160  -  0 
GTAWM4   1,100  -  0 
GTAWSO3   1,550  -  0 
GTAYM1   1,480  -  0 
GTAYM2   1,200  -  0 
GTAYM2   1,120  -  0 
GTAYSB1   2,000  -  0 
GTAYSB2   2,000  -  0 
GWAWM1   1,340  -  0 
GWAWM2   1,280  -  0 
GWAWM3   1,200  -  0 
GWAYM1   1,479  -  0 
GWAYM2   1,320  -  0 
GWAYM3   1,200  -  0 
GWAYSB1   2,000  -  0 
GWAYSB2   2,000  -  0 
GWEWM1   1,340  -  0 
GWEWM2   1,200  -  0 
GWEWM4   1,000  -  0 
GWEYM1   1,250  -  0 
GWEYM2   1,340  -  0 

News | Ghana Commodity Exchange


Date : 15th May, 2020


Source: Ghana Commodity Exchange


Accra, 14th May 2020



The Ghana Commodity Exchange (GCX) and Venture Capital Trust Fund (VCTF) have signed a Memorandum of Understanding to work together as part of GCX’s mission of transforming Ghana’s Agricultural value chain.


As part of the MOU, Venture Capital Trust Fund will create a Fund under the auspices of the Ministry of Finance to support the aggregation of selected commodities from Ghana.  Venture Capital Trust Fund will leverage its experience in commodity value chain financing to support qualified commodity aggregators to mobilize selected commodities to be traded on GCX.


This partnership is part of the Government of Ghana’s efforts to boost Ghana’s food security, encourage youth in agriculture, and support Ghanaian smallholder farmers to improve their livelihoods and increase their incomes. In a statement, Mr. Sampson Akligoh, Director of Financial Sector Division of the Ministry of Finance, said

“Government efforts in promoting price discovery and transparency for primary Agricultural commodities is important in unlocking the huge potential of this sector. 

This agreement between the GCX and VCTF will ensure that more progress is made in creating jobs and deepening the ecosystem for the GCX to have more impact on the economy. In the first phase, funding will be advanced to selected 20 young agricultural entrepreneurs (Commodity Aggregators) for the mobilization of selected commodities from over 3,000 Ghanaian farmers, to supply markets in Ghana and West Africa. This is expected to create over 1200 sustainable jobs in the short to medium term, and will multiply as the project progresses.”


VCTF has also agreed to provide essential training for approved businesses and enterprises, as well as support them with the necessary business advisory and technical services such as accounting, management, business strategy formulation and marketing. Again, VCTF would support the selected entrepreneurs with corporate matching and mentoring through its executive mentoring program.


Ghana Commodity Exchange on the other hand would provide essential quality enhancement services such as cleaning, drying, sorting, to ensure that these commodities meet national and international standards before storing and subsequently trading them from GCX certified warehouses.


Importantly, GCX has also committed, through the MOU, to act as facilitator to implement this program. This will be made possible by providing the necessary monitoring and supervision, technical and operational backstopping for quality control and to ensure strict compliance with GCX standards while providing a ready market for commodities aggregated under the programme.


Furthermore, GCX has agreed to support selected aggregators with the required technical expertise on aggregation strategies, value-chain support tools and the necessary value-chain risk assessment techniques. The Exchange would leverage its expertise in this field in order to make the collaboration successful.


Additionally, as part of this collaboration, both parties have agreed to engage with government to jointly secure the most appropriate funding mechanism for regional commodity aggregation, with the aim of reducing poverty through job and wealth creation. This collaboration will go a long way to create prosperity for all in the agriculture value chain and make Ghana a regional and global trading hub for all commodities.


“The selected aggregators would potentially become the sort of large off-takers who can contribute positively to the commodity value chain in the country, benefitting smallholder farmers of the selected value chains with better prices and larger markets,” said the CEO of GCX, Dr. Kadri Alfah.


The CEO of VCTF, Mr. Yaw Owusu-Brempong had this to say at the signing, “Venture Capital Trust Fund is managing the funds, with an initial GHC 5,000,000 allocated for Phase 1. Technical assistance will also be provided to the brokers, who would be given the opportunity to grow themselves as actors in the agricultural market, moving from small to medium-sized enterprises, whilst providing ready markets for smallholder farmers.”


About VCTF

Venture Capital Trust Fund (VCTF) is a government agency established by an Act of parliament (Act 680) in 2004 to promote the development of Venture Capital Financing in Ghana. The aim is to support the private sector as an equal partner in achieving Ghana’s developmental goals by providing long-term financing to Small and Medium Enterprises (SMEs).  Since inception, VCTF has focused on delivering on its mandate by establishing the required infrastructure for a thriving venture capital industry and has seeded indigenous venture capital funds operating in Ghana.



About GCX


The Ghana Commodity Exchange is a private company Limited by shares, designed as a Public Private Partnership (PPP), with the Government of Ghana currently the sole shareholder. GCX is a is an electronic marketplace, regulated by the Securities and Exchange Commission (SEC) Ghana, for the buying and selling of commodities under set rules. GCX strives to transform Ghana and African agriculture by creating more bargaining power for smallholder farmers, providing accurate and reliable market and price information, new methods and access to secured storage, and increased penetration of credit and agricultural financing.