Application Process | Ghana Commodity Exchange

GCX is a membership based organizations.

All buyers, sellers and stakeholders are required to subscribe to GCX Membership Program prior to trading or working with the Exchange.

To acquire GCX Membership the following four steps are required:

Step 1:

Applications forms are available from the GCX office or could be downloaded using the link on the GCX website (www.gcx.com.gh/membershipforms).

Step 2:

Complete the membership application form and submit it along with the documents requested on the form that applies to your organization, and submit with an Application Processing Fee of GHC 50.

Contact: The Membership, Outreach and Communications Manager, GCX Office, 2nd Floor, Export Trade House  (Adjacent British Council),Cruickshank Road/Liberia Road, Ridge- Accra, Ghana. Tel: 0302-937677.

Step 3:

All applicants who submit their application for GCX membership with the required documents will be notified within 30 days of submission of their application about the outcome. If your application is successful you will be required to pay the GCX Membership fees depending on the type of your Membership. Details about GCX Membership fees can be found on the GCX Membership Application form.

In order to encourage membership, the Exchange has special arrangement for Traders who have difficulties in payment. Details of this arrangement could be obtained from the Exchange.

Step 4:

Membership Requirement:

All successful GCX members will undergo initial training on Exchange product and services, rules and regulation and trading through the Exchange.

  • 1. An applicant shall submit this application form along with the following documents, (duly attested by the applicant), which are a part of the membership criteria:
    1. Certified copy of Company / Cooperative Registration Certificate;
    2. Certified copy of Companies Regulations;
    3. Board Resolution on appointing authorized signatories;
    4. Education qualification certificates of authorized signatories, certified by a Notary public officer
    5. Proof of experience of the authorized signatories in the form of CVs
    6. Address, communication details of the authorized signatories (National ID card/ Passport copy, telephone, cell, and email.);
    7. Bank account details and a current Bank Statement displaying the past 6 months;
    8. Copy of tax clearance certificate / VAT registration certificate;
    9. Two latest passport size colored photographs for authorized person(s);
    10. Current police report of the authorized signatories;
    11. Latest Auditors Report; and
    12. Any other document, as may be specified by the Exchange.
  • An applicant shall submit a processing fee as specified herein the application form. In the case that this processing fee is not paid, GCX reserves the right to reject this Membership Application.
  • GCX reserves the right to accept or reject any Membership Application, or amend the Terms and Conditions without assigning any reason whatsoever.
  • Membership shall be subject to renewal every two-years on GCX applicable rate.
MEMBERSHIP FEES
Member Type Admission Fee Annual Renewal Fee Membership Application Processing Fee
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
List of GCX Members Benefits

- Guarantee of Quality & Quantity of Commodities Traded

  • Provide facilities to enhance the quality of your grain (drying, cleaning and weighing )-coops
  • Grading of grains to inform on quality and make it easy to price by market segments-coops
  • Grains sold on the Exchange are backed by quantity and quality guarantees by world class collateral manager-seller/banks

- Warehouse Receipting System

  • Crops are converted into tradable held in electronic form and transferred from owner to several buyers
  • Can use crops as collateral for bank loans

- Electronic Trading Platform

  • Enabling buyers and sellers to trade from anywhere in the world
  • Buyers can negotiate directly with seller to determine prices acceptable to both using technology from anywhere in the world
  • Real prices for crops are gathered and sent to all market actors
  • Traders are paid within five days of trade through a bank transfer

- Availability of Stock

  • Direct partnership with producers that aggregate their grains and deposit them into Exchange certified warehouses

- Linking Farmers to Markets

  • Exchange continues to expand its network of buyers and sellers in Ghana, the West African region and across Africa
  • Exchange is working to achieve a ratio of (1) seller to (3) buyers

- Access to Financing with Banking Partners : Farmers & Traders

  • Exchange serves as liaison between banks and farmers and traders to improve financial inclusion for agricultural stakeholders
  • Goal is to assist farmers and traders in obtaining working capital

- Access to Information on Pricing

  • Price tickers in Exchange certified warehouses will display prices on maize and beans
  • Farmers who are informed can negotiate better prices for themselves and avoid selling in distress to middle men
  • Weekly publication in local newspapers will display results from trading session at the Exchange, positioning the Exchange as a price reference center
  • Try to avoid the informal system of price speculation

- Capacity Building for Farmers

  • Through education and training programs farmers will learn modern and proper grain handling techniques and practices
  • Quality of crops will improve through collateral management services
  • Improved quality standards will reduce the risks for banks, easing the lending process to farmers

- Contract Based Trading

  • Trading through spot contracts ensures contracts are sold for immediate delivery
  • Contract for future delivery to manage price risk

- Others

  • Use of GCX logos and promotional materials to promote your business
  • GCX ID cards and Membership certificates to access GCX and its shareholders services
General Notice:
  • Prior to trading on the Exchange, all new members must be approved by the Ghana Securities and Exchange Commission (SEC). Information on approval process is available with the Exchange’s membership manager.
  • All GCX members will be assigned GCX Identification Number ( ID number) , GCX ID card and a GCX Membership Certificate

All membership inquiry should be sent to :

Membership, Outreach and Communications Manager

Office: 2nd Floor, Export Trade House, Liberia Road

Telephone Number: 0302-737677

Email: richard@gcx.com.gh/ membership@gcx.com.gh

or

Visit GCX office:

2nd Floor, Export Trade House
(Adjacent British Council)
Cruickshank Road/ Liberia Road
Ridge-Accra.
Title Download
Associate Member Application Requirement Download
Trading Member Application Requirement Download
Brokering Member Application Requirement (Non-Institutional) Download
Brokering Member Application Requirement (Institutional) Download
Membership Rules and Obligations Download
Name Member Type Industry
ELITE OMEGA FARMS LTD Associates Farmer/Commodity Seller
NASIGRI  FARMS Associates Farmer
OHINTAAR  ENTERPRISE Associates Farmer
Antika  Company Limited Associates Farmer
CROPCARE COMPANY LTD Trading Farmer
High & Mighty Agro Processing Company Limited Trading Farmer & Agro Processor
Honeydew Farms Company Limited Associates Commodity Buyer & Seller
Lifestyle Foods Company Limited Associates Farmer
Tedfx  Investments Associates Commodity Buyer & Seller
Assec  Farms Trading Farmer
Nmoakpaur Farmers Association Associates farming cooperative
Mangocity Company Limited Trading Farmer
M.M. Awal Company Limited Trading Farmer
FIDELITY  BANK Financial Institutions Financial Institution
ZENITH  BANK Financial Institutions Financial Institution
GHANA COMMERCIAL  BANK Financial Institutions Financial Institution
NATIONAL FOOD AND  BUFFER STOCK COMPANY Institutional Members Commodity Buyer & Seller/ Warehouse
WIENCO  GHANA LTD Institutional Members Agro - Input Supplier
MORKEMOUWONOR  ASSOC. Associates Commodity Buyer & Seller
TECHIMAN MAIZE  LOADERS ASSOC. Associates Aggregator
NYAME NA AYE  FARMERS ASSOC. Associates Farmer
AGRIBUSINESS AND  TRADE ASSOC. Associates Commodity Buyer & Seller
EJURA MAIZE & LEGUME  PORTERS ASSOC. Associates Aggregator
WENCHI MAIZE  TRADERS ASSOC. Associates Commodity Buyer & Seller
ATEBUBU MAIZE  FARMERS ASSOC. Associates farmer
YONKODO  ASSOCIATION Associates farmer
MMOKPA  FARMERS ASSOC. Associates farmer
BONSALI  FARMERS ASSOC. Associates farmer
NEW LIFE MAIZE  CASSAVA FARMER ASSOC. Associates farmer
MIAWANI  ASSOC. Associates farmer
ENSONYAMEYE  MAIZE ASSOC. Associates farmer
MAYEDEN MAIZE  GROWER ASSOC. Associates farmer
NANA OKOFO  N.GYABAAH II Associates farmer
UNITED  FARMERS Associates farmer
ENSO NYAME  YE ( ALL WOMEN) Associates farmer
NYAME NE  BOAFO FBO Associates farmer
AMOAMANG ZONGO  FARMERS ASSOC. Associates farmer
SETGRACE  ENTERPRISE Associates Commodity Buyer & Seller
KUAPAYE  FARMERS ASSOC. Associates farmer
SOUTHERN MAIZE TRADERS  NETWORK ASSOC.(S.M.T.N) Associates Commodity Buyer & Seller
TECHIMAN MAIZE  SELLERS ASSOC. Associates Commodity Buyer & Seller
PEASANT FARMERS  ASSOC. OF GH Associates farmer
ASHAIMAN IRRIGATION  FARMERS CO.OPERATIVE Associates Farmer
GREATER ACCRA  MAIZE SELLERS ASSOC Associates Commodity Buyer
JOY MAIZE AND  TRANSPORT ASSOC Associates Farmer/ Commodity Buyer & Seller
APPISTEVE FARMS  ENTERPRISE Associates Farmer/ Commodity Buyer & Seller
LYNBOAT  FARMS Trading Farmer/ Commodity Buyer & Seller
BOSSGIE  LTD Trading Farmer/ Commodity Buyer & Seller
ZEBANGO ROYAL  FARMS Trading Farmer/ Commodity Buyer & Seller
BOADI JOSEPH  FARMS Trading Farmer/ Commodity Buyer & Seller
ASSIMAH ISSAHAKU  FARMS Trading Farmer/ Commodity Buyer & Seller
KENNETH OPPONG  ENT Trading Commodity Buyer & Seller
J.O. APAGYA  ENT Trading Farmer/ Commodity Buyer & Seller
YAMFUL  FARMS Trading Farmer/ Commodity Buyer & Seller
SKY-3  INVESTMENTS LTD Trading Farmer/ Commodity Buyer & Seller
SAPIM FARM  ENTERPRISE Trading Farmer/ Commodity Buyer & Seller
STILL  BUNBAS Trading Commodity Buyer & Seller
OWUSU YAW  MAIZE ENTERPRISE Trading Commodity Buyer & Seller
JON – DOR  VENTURES Trading Farmer/Commodity Buyer & Seller
GUNDAA  PRODUCE ENTERPRISE Trading Commodity Buyer & Seller
MACLOG  ENT Trading Commodity Buyer & Seller
REMCORP  LTD Trading Commodity Buyer & Seller
ALLIED  VANDEX Trading Agro – Input Supplier
AKATE FARMS  TRADING CO.LTD Trading Commodity Buyer & Seller
AKWAABA  FEEDS LTD Trading Commodity Buyer & Seller
WEYVAN  GHANA LTD Trading Commodity Buyer & Seller
AKANDEM  FARMS LTD Trading Commodity Buyer & Seller
GABA  GHANA COMPANY LTD Trading Commodity Buyer & Seller
FESTIVAL  FOOD GHANA LTD Trading Commodity Buyer & Seller
AKANAVA  ENTERPRISE Trading Commodity Buyer & Seller
DELMARK  ENTERPRISE Trading Agro – Input Supplier
K ASANTE  FARM LTD Trading Farmer/ Commodity Buyer & Seller
AGROMONTI  LTD Trading Agro – Input Supplier
OMNIFERT  LTD Trading Agro – Input Supplier
Name Member Type Industry
Name Telephone Email Address
KEGGS DISTRIBUTIONS 0244 648 906 / 0208 833 431 keggsgh@gmail.com
Accra
THRIVE ENTERPRISES 0244 429 138 imoroamoro2@gmail.com
Accra
CS SUPPLIES LTD 0277 341 177 / 0302 909 245 nanaodenehokyeremateng@gmail.com
Accra
INFORMED HOLDINGS n/a info@informedmarkets.com
North Dzorwulu
COMEX AFRICA LTD 0209 390 517 / 0247 702 240 osseipoku@cliqafrica.com
Accra
SKY 3 INVESTMENT LTD 0508 660 666 ryankofi@yahoo.com Kintampo
COMMUNITY TRUST COMPANY LTD 0244 543 482 pmaggh@gmail.com East Legon - Accra
FESTIVAL FOODS COMPANY LTD 0262 550 155 apokua@gmail.com Abrepo - Kumasi
SOCIAL FARM GHANA 0244 046 334 info@socialfarmghana.com Tudu - Accra
CINERGY FARMS & PROCESSING LTD 0243 149 494 cinergyfarms@gmail.com Spintex - Accra
SUCCESS FOR PEOPLE 0501 454 584 / 0302 632 622 successforpeople@live.com Accra high street - Accra
Temple Investment Ltd 0303 931 514 trading@templeinvest.com Labone - Accra
Bullion Securities 0207258579 / 0540113508 trading@bullion.com.gh The Octagon - Accra
Synercate Capital 0204691518 / 0244291518 Ivyhesse@synercate.com Osu - Accra
A.G. Sasraku Investment 0244345707 akufogeorge@gmail.com Dansoman Estates- Accra
Lynch Buffett 0505256414 / 0553434313 yaw.kyei@yahoo.com Ashonmang - Accra
Pan African Business Developers 0507237821 / 0277158521 info@panafricabd.com West Legon
Name Telephone Email Address