Ghana’s Commodity Exchange to commence full operations today

November 6, 2018

President Akufo-Addo is expected to outdoor the official operations of Ghana Commodity Exchange (GCX) today, Tuesday, November 6, 2018.

The GCX is a regulated market that links buyers and sellers of commodities to trade by rules while assuring the market of quality, timely delivery, and settlement.

Minister for Information, Kojo Oppong Nkrumah who disclosed this at a press briefing in Accra said government currently holds 100% shares of GCX.

Oppong Nkrumah announced that the Commodity Exchange in the first twelve months will trade staple foods including maize, soybean, rice, dry beans, millet, sorghum, and groundnut.

“However, there are plans that from twelve months to twenty-four months, the GCX will trade in cashew, cocoa, timber, shear- butter and vegetables. The GCX after three years, will trade in metals, minerals, petroleum and gas” he said.

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