GEJWM1   2,622  -  0 
GEJWM2   4,030  -  0 
GEJWM3   2,978  -  0 
GEJWM4   2,560  -  0 
GEJYM2   1,200  -  0 
GEJYM3   1,000  -  0 
GKIWM1   1,820  -  0 
GKIWM2   3,776  -  0 
GKIWM3   3,970  -  0 
GKIWM4   1,100  -  0 
GKIYM2   3,500  -  0 
GKIYM3   1,120  -  0 
GKUWM1   1,480  -  0 
GKUWM2   4,645.00  -  0 
GKUWM3   1,700  -  0 
GKUWM4   1,700  -  0 
GKUYM1   1,480  -  0 
GKUYM2   4,130  -  0 
GKUYM3   1,120  -  0 
GKUYM4   1,700  -  0 
GSAWM1   3,145.00  -  0 
GSAWM2   4,645  -  0 
GSAWM3   2,684  -  0 
GSAWSS4   3,200  -  0 
GSAYM1   3,145  -  0 
GSAYM2   4,645  -  0 
GSAYM3   2,516  -  0 
GTAWM1   4,440  -  0 
GTAWM2   4,405  -  0 
GTAWM3   1,920  -  0 
GTAWM4   1,100  -  0 
GTAWSO3   1,550  -  0 
GTAYM1   1,480  -  0 
GTAYM2   4,645  -  0 
GTAYM3   1,120  -  0 
GTAYSB1   2,800  -  0 
GTAYSB2   5,220  -  0 
GWAWM1   1,340  -  0 
GWAWM2   3,823  -  0 
GWAWM3   1,200  -  0 
GWAYM1   3,099  -  0 
GWAYM2   4,425    0 
GWAYM3   1,100  -  0 
GWAYSB1   4,828  -  0 
GWAYSB2   5,325  -  0 
GWEWM1   1,340  -  0 
GWEWM2   3,945  -  0 
GWEWM3   2,695  -  0 
GWEWM4   2,694  -  0 
GWEYM1   1,760  -  0 
GWEYM2   3,370  -  0 
    

News | Ghana Commodity Exchange

GHANA COMMODITY EXCHANGE (GCX) INAUGURATES AUDIT COMMITTEE

Date : 20th Mar, 2023


GHANA COMMODITY EXCHANGE (GCX) INAUGURATES AUDIT COMMITTEE image


Accra, Ghana- Thursday, 23rd February 2023

The Audit Committee of the Ghana Commodity Exchange (GCX) was inaugurated on Thursday 23rd February in line with the Public Financial Management Act, 2016 (Act 921). This is in line with Ghana Commodity Exchange’s commitment to transparency, accountability, and good governance.  In attendance were the Board members and Managers of the Ghana Commodity Exchange, the Director General of the Internal Audit Agency, and other Members of the Internal Audit Agency (IAA).

The Audit Committee is to ensure that the management processes of the Exchange are in accordance with the laws, regulations, and policies of the state. The Committee is also tasked with ensuring that all annual reporting is done promptly and all recommendations following audits are fully implemented to enhance the effectiveness of GCX's internal control systems.

A five member Audit Committee comprising a member of the GCX Board and a Manager at GCX and three independent external members with extensive experience in auditing and accounting were sworn in by the Director General of the Internal Audit Agency represented by Mr. Alhassan Fusseini, Head of Projects at the Internal Audit Agency. The committee members are Mr. Stephen Antwi-Asimeng, Board Member, GCX, Mr. Vitus Otto Ninfaakang, Manager, GCX, Dr. Eric Oduro Osae, Member, Internal Audit Agency, Mr. Fiifi Kwakye, Member, Internal Audit Agency and Mr. Julius Aikins-Hawkson, Member, Institute of Chartered Accountants Ghana (ICAG).

The Committee elected Mr. Fiifi Kwakye as Chairman. In his remarks, he thanked members of the Committee for nominating him as the Chairman. He assured all present that the committee will work to fulfil its mandate as outlined by the Director General of the Internal Audit Agency.

The Director General of the Internal Audit Agency, represented by Mr. Alhassan Fusseini, Head of Projects at the IAA in his address, commended the GCX for establishing the Audit Committee, stating that “the Audit Committee is a high-level Corporate Governance Committee which adds to the effectiveness of public accountability and efficient use of state resources.”

The Director-General further emphasized the importance of the Committee's work in ensuring the integrity of the GCX's financial reporting, risk management, and internal control systems. He urged the committee members to carry out their duties with diligence and professionalism.

Commenting on the inauguration of the Committee, the CEO of the Ghana Commodity Exchange, Mrs. Tucci Goka Ivowi, thanked the committee members for accepting to serve and to strengthen the existing governance, accountability and reporting processes in place at the Exchange.

The Chairman of the Board of the Ghana Commodity Exchange, Mr. Kofi S. Yamoah expressed his appreciation to the IAA for its support and guidance in establishing the Audit Committee. He stated that "The GCX is committed to maintaining the highest standards of corporate governance, and the establishment of this committee is a critical step in achieving this objective."

About GCX

The Ghana Commodity Exchange is a market-based system that brings together buyers and sellers of agricultural commodities to trade in a transparent, efficient, and secure manner. The Exchange aims to enhance the competitiveness of Ghana's agricultural sector by providing a platform for price discovery, risk management, and access to finance.

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