Your business will be protected— GCX assures aggregator groups

Maize is among one of the commodities to feature on the GCX.

Maize is among one of the commodities to feature on the GCX.

The Ghana Commodity Exchange (GCX) Project has assured members of aggregator groups in the country that no group will lose its business in the commodity value chain when the Exchange fully becomes operational.

In separate sensitisation sessions with members of women aggregators’ group association, ‘Women Can’, in Tema and Kumasi, Membership Manager of the GCX Project, Mr. Richard Ankrah explained that the existence of a national commodity exchange (GCX) would not in any way take their sources of livelihood away from them but rather provide a ready, orderly, and transparent trading platform that would facilitate trade by easily connecting buyers and sellers.

Mr. Ankrah noted ‘the GCX operational model would present numerous opportunities to aggregators to continue to execute their role in the value chain business.

“GCX would initially commence trading in maize, soya and paddy rice in its first year of operations and bring on board other commodities as options for the Exchange expands,” Mr. Ankrah told the aggregators.

President of the association, Madam Kate Dugan reiterated their commitment to maintain the relationship with GCX and ensure they were updated regularly to preserve their active involvement in the pursuit to transform Ghana’s economy while creating prosperity for all in the commodity value chain and make Ghana a regional and global commodity trading hub.

Madam Dugan urged the GCX to consider the possibility of adding peanut and cashew to the commodities to be traded when operational, a concern Mr. Ankrah noted will be considered in the next phase during the contract design for new commodities for the GCX.

The sensitisation programme was part of the awareness creation outreach campaign by the GCX Project to share information with prospective members on available opportunities when the Exchange is established.

‘Women Can’, is an association of female aggregators who engage in spot buy trade in cashew, peanuts, maize, rice and soya bean.

By Times Reporter 

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