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
Yaw  Owusu Trading OWUSU YAW MAIZE
Peter  Okrah Associates SOUTHERN MAIZE TRADERS NETWORK (S.M.T.N)
James  Amoateng Trading J.O. APAGYA ENT.
Stella  Glover Associates MORKEMOUWONOR ASSOCIATION
Emmanuel  Ansah Institutional Members PAN-AFRICAN BUSINESS DEVELOPERS LTD
Michael  Anokye Associates NEW LIFE CASSAVA AND MAIZE FARMERS ASSOCIATION
Mary  Alamisi Associates AMOAMANG ZONGO FARMERS ASSOCIATION
Abdulai  Kyeremeh Associates TECHIMAN MAIZE SELLERS ASSOCIATION
Lydia  Abbey Associates ACCRA MAIZE SELLERS ASSOCIATION
Obiri  Yeboah Associates JOY MAIZE & TRANSPORT
Evelyn  Boateng Associates LYNBOAT FARMS
Danny  Quaye Trading BOSSGIE LTD.
Kwabena  Sarfo Trading SAPIM FARM ENTERPRISE
Evans  Teye Trading WEYVAN GHANA LTD
Betty  Abaare Trading ZEBANGO ROYAL FARMS
Edem  Ackuaku Trading DELMARK ENTERPRISE
John  Imoro Associates THRIVE ENTERPRISE
Nicholas  Newmann Associates ECONOMIC SUPPLIES LTD
Kofi  Amoateng Associates OSEI KWAME AMOATENG
Yvonne  Otoo Trading FLOUR MILLS OF GHANA LTD
Johnson  Kyere Associates KWAJOHNSON & SONS
Florence  Ocran Trading JUDAHSON FARMS
Frederick  Lutterodt Associates OYARIFA LIVESTOCK FARMERS ASSOCIATION
Abena  Addey Associates ABISET PLUS ENTERPRISE
Tureka  Chandrashekar Associates SHREYAL LTD
Abdulai  Abdul-Rafiu Associates SAVANNAH FARMERS MARKETING COMPANY LTD.
James  Bakaponi Associates FARANAYA AGRI BUSINESS CENTRE
Christian B'Hairs Dayibor Associates SMART TOWN COMPANY LTD
Abubakar  Mahmoud Associates TRADE BENCH
Isaac  Darkwah Trading ISAAC DARKWAH ENT
Robert  Cudjoe Trading PAPSCOMEX LTD.
Samuel  Andoh Associates SAMANGE TRADING
Hassan  Mohammed Associates ELITE OMEGA COMPANY LTD
Abdul  Tawfic Associates BIG AJAR ENT.
Fred  Ntow Associates OHINTAAR ENT.
Seidu  Mubarak Associates ANTIKA COMPANY LTD.
William  Ahiadormey Trading CROPCARE COMPANY LTD
Faustina  Amoah Trading HIGH & MIGHTY AGRO PROCESSING COM. LTD
David  Yamful Associates YAMFUL FARMS
Delali Kwaku Asamany Associates HONEYDEW FARMS COM. LTD.
Rosemary  Aryee Associates LIFESTYLE FOODS COM. LTD.
Iddrisu  Mac-Adams Associates MACLOG ENT.
Elvis  Dankwa Trading TEDFX INVESTMENTS
Alex  Agbodza Trading ASSEC FARMS
Jonas  Dorho Trading JON DOR VENTURES
Mohammed  Tainfiq Associates GABA GHANA LTD.
Alberta  Acheampong Associates NMOAKPAUR FARMERS ASSOCIATION
Davies  Korboe Trading MANGOCITY COM LTD.
Victoria  Adongo Associates PEASANT FARMERS ASSOC. OF GH.
Mohammed  Awal Trading M.M. AWAL COM. LTD.
Jeff  Quaye Trading OMNIFERT LTD.
Alhaji  Akate Associates AKATE FARMS & TRADING LTD.
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