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 Industry Member Type Phone No.
Shaul  Hamtzani FLOUR MILLS OF GHANA LTD Trading 0244835387
William  Ahaidormey CROP CARE LTD. Trading 0543630702
Dominic  Donkoh OMNIFERT LTD Trading 0244329848/ 0248339521
Hannan Abdul Wahab NATIONAL FOOD AND BUFFER STOCK COMPANY Institutional Members 0244150691
Sylvester Kwame Osei WIENCO GHANA LTD Institutional Members 0246244148/ 0302772251
Thomas W Bello SOYA VALUE CHAIN ASSOCIATION OF GHANA (SVCAG) Associates 0244410049
Abdullah  . COALITION OF COOPERATIVE FARMERS ASSOCIATION Associates 0551872424
Kwame  Asiedu KUMAWU FARMERS ASSOCIATION Associates 0555348294
Davies  Korboe NFFAWAG Associates 0244942494
Stella Wayem Glover MORKEMOUWONOR ASSOCIATION Associates 0243578893
Frederick  Adomako WENCHI MAIZE TRADERS ASSOCIATION Associates 0242847272
Joseph  Boadi ATEBUBU MAIZE FARMERS ASSOCIATION Associates 0246935649
Owusu  Alhassan YONKODO ASSOCIATION Associates 0504358416
Assumah  Issahaku BONSALI FARMERS ASSOCIATION Associates 0249418873
Yusif  Ofori NEW LIFE CASSAVA AND MAIZE FARMERS ASSOCIATION Associates 0547501001
Faustina  Amoah MIAWANI ASSOCIATION Associates 0203047278
Grace  Ibrahim COOPERATIVE UNITED FARMERS Associates 0244749884
Joseph  Asiamah ENSO NYAMEYE MAIZE ASSOCIATION Associates 0543658322
Sarina  Adam ENSO NYAME YE Associates 0545452196
Jacob Owusu Acheampong NYAME NE BOAFO FBO Associates 0209491560
Mary  Alamisi AMOAMANG ZONGO FARMERS ASSOCIATION Associates 0249376479
Mahmud  Abass KUAPAYE FARMERS ASSOCIATION Associates 0241469555
Peter  Okrah SOUTHERN MAIZE TRADERS NETWORK (S.M.T.N) Associates 0248267991/ 0245605610
Bernard  Kanati ASHAIMAN IRRIGATION FARMERS CO.OPERATIVE Associates 0249472642
Lydia  Abbey GREATER ACCRA MAIZE SELLERS ASSOCIATION Associates 0244065794
Obiri  Yeboah JOY MAIZE AND TRANSPORT ASSOCIATION Associates 0245605610
Titus Frederick Lutterodt OYARIFA LIVESTOCK FARMERS ASSOCIATION Associates 0244285075
Victoria  Adongo PEASANT FARMERS ASSOC. OF GHANA Associates 0244657451
Sala  Inusah NMOAKPAUR FARMERS ASSOCIATION Associates 0551481096
John Kwesi Essel E-DAME ENTERPRISE Associates 0242919365
Thomas W Bello GOLDEN WEB LTD Associates 0244410049
Issah Abdul Hakeem GW LEGACY FARMS Associates 0242054006
Richard Asante Bediako ECONOMIC SUPPLIES LTD. Associates 0242078444
Francis  Oppong AKATE FARMS TRADING CO.LTD Associates 0208124719 / 0322070501
Osei Kwame Amoateng OSEI KWAME AMOATENG Associates 0244570299
Christian B'hairs Dayibor SMART TOWN COMPANY LTD Associates 0208941623
Mubarak  Seidu ANTIKA COMPANY LTD. Associates 0209719953
Mohammed Iddrisu Hassan ELITE OMEGA COMPANY LTD Associates 0205 347047/ 0243140393
Fred Ntow Oppong OHINTAAR ENT Associates 0200644242
Emmanuel  Ansah PAN-AFRICAN BUSINESS DEVELOPERS LTD Institutional Members 0507237821
Michael  Anokye NEW LIFE CASSAVA AND MAIZE FARMERS ASSOCIATION Associates 0547501001
Abdulai  Kyeremeh TECHIMAN MAIZE SELLERS ASSOCIATION Associates 0266415874
Evelyn  Boateng LYNBOAT FARMS Associates 0277158521
Betty  Abaare ZEBANGO ROYAL FARMS Trading 0209657371
Nicholas  Newmann ECONOMIC SUPPLIES LTD Associates 0247538155
Kofi  Amoateng OSEI KWAME AMOATENG Associates 0240836302
Yvonne  Otoo FLOUR MILLS OF GHANA LTD Trading 0243038318
Johnson  Kyere KWAJOHNSON & SONS LTD Associates 0271126781/0247150580
Florence  Ocran JUDAHSON FARMS Trading 0244978741
Abena Setornam Addey ABISET PLUS ENTERPRISE Associates 0247654919
Tureka  Chandrashekar SHREYAL LTD Associates 0542859408
Abdulai  Abdul-Rafiu SAVANNAH FARMERS MARKETING COMPANY LTD. Associates 0208140352
James  Bakaponi FARANAYA AGRI BUSINESS CENTRE Associates 0204842941/0558816695
Abubakar  Mahmoud TRADE BENCH Associates 0244680624
Isaac  Darkwah ISAAC DARKWAH ENT Trading 0244545620
Robert  Cudjoe PAPSCOMEX LTD. Trading 0572944246
Samuel  Andoh SAMANGE TRADING Associates 0244955505
Hassan  Mohammed ELITE OMEGA COMPANY LTD Associates 0266412081
Abdul  Tawfic BIG AJAR ENT. Associates 0244680068
Seidu  Mubarak ANTIKA COMPANY LTD. Associates 0246199328
Faustina  Amoah HIGH & MIGHTY AGRO PROCESSING COM. LTD Trading 0248731106
David  Yamful YAMFUL FARMS Associates 0249290071
Delali Kwaku Asamany HONEYDEW FARMS COM. LTD. Associates 0200052215
Rosemary  Aryee LIFESTYLE FOODS COM. LTD. Associates 0249419444
Iddrisu  Mac-Adams MACLOG ENT. Associates 0546509058
Elvis  Dankwa TEDFX INVESTMENTS Trading 0243125526
Alex  Agbodza ASSEC FARMS Trading 0243669689
Jonas  Dorho JON DOR VENTURES Trading 0548110460
Mohammed Bidder Tainfiq GABA GHANA LTD. Associates 0245115176
Alberta  Acheampong NMOAKPAUR FARMERS ASSOCIATION Associates 0249772857
Davies  Korboe MANGOCITY COM LTD. Trading 0244942494
Mohammed  Awal M.M. AWAL COM. LTD. Trading 0246268470
Jeff  Quaye OMNIFERT LTD. Trading 0540116659
Name Industry Member Type Phone No.
Name Telephone Email Address
Ennu Commodity Brokerage 0503634999 eurassher@gmail.com No. 9, Granite Court, South Circular, Cantonments, Accra.
Faelish O Ventures 0244893090 / 0202262016 hogbah@yahoo.com Accra / Bono
BM Petroleum/Commodity Brokerage Services 0242841144 bmbrokerage.services@yahoo.com Accra, Greater Accra Region
O&G Commodities Limited 0507355584 ogcommodities@gmail.com Accra, Greater Accra Region
Trip Nova Commodities Limited 0245148761 gideonasaye@yahoo.com Tamale, Northern Region
Ensol Recca Limited 0000 kobbinah.austin@gmail.com Accra, Greater Accra Region
Agrofin Company Limited 0000 info@3ypc.co.uk USA
Magnum Com. Ltd. 0244206799 assampong@hotmail.com Greater Accra Region
Osiboba Ent 0244206799 o@none.com Central Region, Ghana
Sherimoh Commodities 0246728992 asherifatu8@yahoo.com Tudu, Accra
Greater Accra Region
Farm 233 0244501121 / 0266783363 spersidis@gmail.com Accra, Greater Accra Region
Prinz-Hen Ventures 0275777027 decidedhen@gmail.com Madina, Greater Accra Region
Evergreen Investment Plus Limited 0246679051 faustinadarko28@yahoo.com Tema, Greater Accra Region
Tribal Group Farms 0209305773 tribal_group@aol.com Airport, Greater Accra Region
Complete Farmer Limited 0247131211 desmond@completefarmer.com East Legon, Greater Accra Region
Sofcom Trading 0261982700 sofcomtradn@gmail.com Adjiringanor, Greater Accra Region
Pison Farms 0262680007 pison.farm@gmail.com Achimota, Greater Accra Region
Akanbangbem Ventures 0247126431 asuokjoseph@yahoo.com Sandema, Upper East Region
Doris Ameyaw 0244645459 d@gcx.com Osu, Greater Accra Region
Kent Afrinal Services Limited 0244102524 kofi.ntiri@icloud.com Haatso, Greater Accra Region
Emerald Empire 0246069556 eyramforfoe@gmail.com Techiman, Bono East Region
Commodex Investment Limited 0244145084 isamensah@gh.com Weija, Greater Accra Region
Savvy Securities Limited 0302200748/ 0266802388 info@savvysecurities.com Asylum Down, Greater Accra Region
Gold Suisse Capital 0209376463 peter@goldsuissebanking.com 3rd Floor, ARCCU House
Takoradi, Western Region
J Farmlands Limited 0208119715 jannanb@gmail.com Accra, Greater Accra Region
Isaac Darkwah Enterprises 0244545620 darkwahisaac73@gmail.com Techiman, Brong Ahafo Region
Transformation Resources Network & Initiatives Ltd. (TRENIL) Ghana Ltd. 0244179451 trenil.ghana@gmail.com Asylum Down, Greater Accra Region
Papscomex Limited 0570465433 paapacud@yahoo.com Sakumono, Greater Accra Region
Dosonec Ltd. 0273635765 agnesaddo333@gmail.com Kumasi, Ashanti Region
Ascension Ventures 0244333825 kwasitumi60@gmail.com Adjiriganor, East Legon
Accra
J Solutions 0267112851/050284970 jamaldeena@yahoo.com Christian University College, Amrahia
Accra.
Precision Farms 0200796635 cbmarfo@yahoo.co.uk Okpoi Gonno, Teshie
Accra
Maclog Ent. 0508818229 imacadams@yahoo.com Near Wa, Upper West Region
Akandem Farms 0200322609 akandemfarms@gmail.com Bilinmonsa, Sandema
Upper East Region
Keggs Distribution and Manufacturing 0244648906/0208833431 keggsgh@gmail.com n/a
CS Supplies Ltd. 0277341177/0302909245 nanaodenehokyeremateng@gmail.com East Legon, Accra.
Informed Holdings 0243180374 info@informedmarkets.com
North Dzorwulu, Accra
Comex Africa Ltd. 0209390517/0247702240 osseipoku@cliqafrica.com
6th Floor, Ghana Multimedia Center
Accra High St.,Accra.
Sky 3 Investment Limited 0508660666 ryankofi@yahoo.com Kintampo, Brong Ahafo Region.
Community Trust Services Ltd. 0244543482 pmaggh@gmail.com East Legon - Accra
Festival Foods Company Limited 0262550155 apokua@gmail.com Abrepo - Kumasi
Social Farm Company Limited 0244046334 info@socialfarmghana.com Tudu - Accra
Cinergy Farms & Processing Ltd. 0243149494 cinergyfarms@gmail.com Spintex - Accra
Success For People Microfinance 0501454584/0302632622 eegyirtetteh@gmail.com Accra High Street - Accra
Temple Investment Ltd 0303931514 trading@templeinvest.com Labone - Accra
Bullion Securities Ltd. 0207258579/0540113508 trading@bullion.com.gh The Octagon - Accra
Synercate Capital Ltd. 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 Estates - Accra
Pan African Business Developers Ltd. 0507237821/0277158521 info@panafricabd.com H No. 100, Ato Ahoi Avenue, 
West Legon, Accra

Name Telephone Email Address