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GCX assures aggregators of business stability

ghana-commodity-exchange

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

In a sensitisation session with members of women aggregators’,  Manager of the GCX Project, Richard Ankrah explained that the existence of a national commodity exchange will not in any way take their sources of livelihood.

According to him, the service will rather provide a ready, orderly, and transparent trading platform that would facilitate trade by easily connecting buyers and sellers.

“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”, he said.

President of the ‘Women Can Association’, Madam Kate Dugan reaffirmed the association’s commitment to maintain the relationship with GCX, and ensure they are updated regularly.

This, she said will preserve their active involvement in the pursuit to transform Ghana’s economy, while creating prosperity for all in the commodity value chain.

Madam Dugan urged the GCX to consider adding peanut and cashew to the commodities to be traded when operational,

In response, a concerned Membership Manager of the GCX Project noted, that will be considered in the next phase, during the contract design for new commodities that would be added.

The sensitization programme forms 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 Association, is an association of female aggregators who trade in cashew, peanuts, maize, rice and soya beans.

By: Norvan Acquah – Hayford/citibusinessnews.com/Ghana