The Ghana Commodity Exchange (GCX) has indicated that access to agricultural produce by the larger Ghanaian population has increased significantly.
The Chief Executive Officer of GCX, Mrs Tucci Goka Ivowi said the company since its inception, has been able to create the needed connection between Ghanaian smallholder farmers to agricultural and financial markets in Ghana and across the West Africa Region and beyond.
This is to ensure Ghanaian farmers secure competitive prices for their commodities, as well as supply good quality commodities which meet the nutritional needs of Ghanaians.
Mrs Tucci Goka Ivowi stated these at a media briefing organised by the Minister for Information, Kojo Oppong Nkrumah yesterday.
“We started by trading in Ghana for Ghanaian farmers but in the next face, when you talk about the region we have started with landlocked countries. We are already dealing in cross boarder trading with countries like Burkina Faso and Niger. The idea is to bring them formally to the exchange so we are increasing our reach in the West African market then the wider African Market.
“It must be said that it is a platform that is designed to allow us train globally once we decide which future commodities that are destined for global markets, we will be able to link up with other commodity exchanges and trade globally so we are talking about access to market in Ghana, access to market within the sub-region and access to market in Africa and globally. So it is step by step”, she added.
GCX was established by government in 2018 in line with its vision to modernize agriculture, improve production efficiency, achieve food security, and profitability for Ghanaian farmers.
It was also to link buyers and sellers of agricultural products to trade under rules while assuring the market quantity, quality and timely settlement.
Mrs Ivowi noted that the GCX is on track to achieving these objectives.
