GAPWM2   1,880  -  0 
GAPWM3   1,240  -  0 
GAPYM2   1,200  -  0 
GAPYM4   1,160  -  0 
GEJWM1   1,240  -  0 
GEJWM2   1,200  -  0 
GEJWM3   1,100  -  0 
GEJWM4   1,000  -  0 
GEJYM2   1,200  -  0 
GEJYM3   1,000  -  0 
GKIWM1   1,820  -  0 
GKIWM2   1,736  -  0 
GKIWM3   1,200  -  0 
GKIWM4   1,100  -  0 
GKIYM3   1,120  -  0 
GKUWM1   1,480  -  0 
GKUWM2   1,200  -  0 
GKUWM3   1,700  -  0 
GKUWM4   1,800  -  0 
GKUYM1   1,480  -  0 
GKUYM3   1,120  -  0 
GKUYM4   1,700  -  0 
GSAWM1   1,735  -  0 
GSAWM2   1,735  -  0 
GSAWSS4   3,200  -  0 
GSAYM1   1,820  -  0 
GSAYM2   1,797  -  0 
GTAWM2   1,735  -  0 
GTAWM3   1,920  -  0 
GTAWM4   1,100  -  0 
GTAWSO3   1,550  -  0 
GTAYM1   1,480  -  0 
GTAYM2   1,200  -  0 
GTAYSB1   2,800  -  0 
GTAYSB2   2,800  -  0 
GWAWM1   1,340  -  0 
GWAWM2   1,725  -  0 
GWAWM3   1,200  -  0 
GWAYM1   1,360  -  0 
GWAYM2   1,720  -  0 
GWAYM3   1,100  -  0 
GWAYSB1   2,000  -  0 
GWAYSB2   2,700  -  0 
GWEWM1   1,340  -  0 
GWEWM2   1,760  -  0 
GWEWM3   1,600  -  0 
GWEWM4   1,000  -  0 
GWEYM1   1,760  -  0 
GWEYM2   1,740  -  0 
GJUAMSMR4   5,140  -  0 
    

News | Ghana Commodity Exchange

RICE HAS BEEN LISTED ON THE GHANA COMMODITY EXCHANGE FOR TRADING.

Date : 15th Dec, 2020


RICE HAS BEEN LISTED ON THE GHANA COMMODITY EXCHANGE FOR TRADING. image


Accra, 15th December 2020

RICE HAS BEEN LISTED ON THE GHANA COMMODITY EXCHANGE FOR TRADING

 

 

 

 

 

 

 

 

 

 

 

The Ghana Commodity Exchange on the 15th of December 2020 in a short occasion at the GCX premises, have added rice contracts to the number of commodities traded on the GCX electronic trading platform. Established two years ago to help transform and standardise commodity trading in Ghana, GCX has listed maize, soya bean, sorghum and sesame contracts for trade and have added on rice, bringing the total number of commodities traded to five.

Rice has over the years increasingly become the most consumed food staple in Ghana after maize. The Ministry of Food and Agriculture (MOFA) identified rice as an important food crop that should be given special attention for food self-sufficiency in Ghana. The country currently imports about 50% of rice consumed and Government, through Planting for Food and Jobs, plans to support the value chain to satisfy 100% of local demand by 2025.

 

 

 

 

 

 

 

 

 

Mrs Tucci Goka Ivowi - CEO, GCX

Ghana commodity Exchange is a marketplace where buyers and sellers of listed commodities undertake electronic trading under rules. The Exchange aims to standardise rice trading in Ghana with its grading system, to enable buyers and sellers appropriately judge the quality of the produce they trade. These innovations give farmers the chance to further enhance the value of their produce and make it a much more attractive option on both the local and international market.

 

The CEO of the Exchange affirmed that the organisation has worked with “rice market actors to deliberate on dynamics that occur in trading rice and ensure that all considerations to ensure the most efficient methods for trading rice on the Exchange are taken into account.”

     

   

 

 

 

 

 

Nana Adjei Ayeh II – President, GRIB

Present at the occasion was President of GRIB Nana Adjei Ayeh II and he had this to say,” I am wholly confident that this step taken here today to launch rice trading through the Exchange will be of immense value to the Ghanaian rice farmers. We know what trading through GCX guarantees for the farmer in terms of quality, transparency, and most importantly, timely payment.”

The GCX Warehouse Receipt Financing Scheme will also benefit rice farmers who can leverage their produce to obtain capital from banks at reasonable rates which can then be reinvested into their agribusiness ventures.

The addition of rice to the list of contracts traded on the GCX would increase marketing opportunities for rice farmers as well as address post-harvest loss issues and their lack of financing, which are key industry concerns. Earlier this year, the GCX signed Memorandum of understanding with a number of rice industry players including the Ghana Rice Interprofessional Body ( GRIB ), the John Agyekum Kufuor Foundation ( JAK ), Intervalle Geneve and others to support the production, post-harvest management and marketing of rice  produced in Ghana.                                                                                                                        

For more information on the Ghana Commodity Exchange, kindly visit the website www.gcx.com.gh