GAPWM3   1100  -  0 
GEJWM1   1500  -  0 
GEJWM2   1340  -  0 
GEJWM3   1480  -  0 
GEJWM4   1380  -  0 
GEJYM2   1240  -  0 
GEJYM3   1000  -  0 
GKUWM1   1480  -  0 
GKUWM2   1440  -  0 
GKUWM3   1250  -  0 
GKUWM4   1080  -  0 
GKUYM1   1480  -  0 
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 
GTAYM1   1480  -  0 
GTAYM2   1350  -  0 
GTAYSB1   2000  -  0 
GTAYSB2   1800  -  0 
GWAWM1   1340  -  0 
GWAWM2   1340  -  0 
GWAWM3   1400  -  0 
GWAYM1   1479  -  0 
GWAYM2   1340  -  0 
GWAYSB1   2400  -  0 
GWEWM1   1340  -  0 
GWEWM2   1420  -  0 
GWEWM4   1040  -  0 
GWEYM1   1340  -  0 
GWEYM2   1340  -  0 
    

News | Ghana Commodity Exchange

GCX Signs Memorandum of Understanding with Barclays Bank

Date : 25th Apr, 2019


GCX Signs Memorandum of Understanding with Barclays Bank image


Ghana Commodity Exchange Signs Memorandum of Understanding with Barclays Bank

 

Ghana Commodity Exchange and Barclays Ghana, a member of the Absa family, have agreed a Memorandum of Understanding to cooperate with one another in building a framework for the settlement of trades as well as the provision of financial services to exchange actors.

As part of this MOU, Barclays Ghana has agreed to collaborate with GCX in the Warehouse Receipt Financing Programme and be a Settlement Bank to Exchange Members. The two institutions also agreed to collaborate to build the capacity of farmers in the country.

This now makes a total of eight (8) Financial institutional partners of GCX, all of whom have agreed in principle to work with the Exchange to develop new financing products for farmers and traders. These financial institutions include Fidelity Bank, Zenith Bank, Apex Bank, ADB, ECOBANK, GCB Bank and Success for People Microfinance.

 To achieve the goal of true development of the agricultural value chain and improve the lives of rural communities, greater access to financing and a diverse set of credit facilities is critical. This will give Ghanaian farmers the working capital they need to sustain their business activities in between each harvesting season as well as give them greater purchasing power for seeds, fertilizers and other inputs. These financial institutions are ready to accept warehouse receipts which represents agricultural products as the sole collateral for advancing short term loans to farmers.