Home | Goldstreet Business
Tuesday, March 21, 2023
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result
Home Business AgriBusiness

SEC approves additional commodity to GCX

July 30, 2020
in AgriBusiness, Agriculture, Top Stories
0
SEC approves additional commodity to GCX
Share on FacebookShare on Twitter

The Securities and Exchange Commission has approved that one of the country’s most popularly consumed food commodities, Ghana Rice,  be traded on the Ghana Commodity Exchange.

Ghana rice contracts will now be traded on the exchange’s electronic trading platform, subject to GCX meeting SEC’s requirement that it undertakes a few internal changes.

RELATED POSTS

GRA monitoring team recovers over ¢85m revenue shortfall

Ofori-Atta leaves for China for crucial debt restructuring negotiations

This is expected to significantly boost the output and the fortunes of smallholder rice farmers, as the Exchange will serve as a reliable platform for supply to meet demand at a reduced transaction cost.

Rice has increasingly become the most consumed food staple in the country after maize. Between 2007 and 2015, Ghana’s rice imports rose from US$151m to US$1.2bn, mainly to supplement consumption gaps left by domestic production.

In view of this, government through the Ministry of Food and Agriculture and  private sector players have undertaken measures to boost domestic rice production. It is estimated that about 1.2million Metric Tonnes of rice would be produced in the 2020/21 harvest year.

The GCX earlier this year partnered the ARB APEX Bank, which includes clusters of community and rural banks to advance short term loans to farmers through warehouse receipts.   Effectively, smallholder rice farmers intending to store initially and sell at a later period when prices are better in the season could use their commodities as sole collateral to obtain short term loans from GCX partner banks.

The Exchange also notes that smallholder farmers could further benefit from other GCX value addition services such as moisture testing, cleaning, drying, grading, re-bagging and storage services all aimed at improving the product quality of the smallholder farmer’s harvest so that they stand a better chance of attracting premium prices.

The addition of rice to the list of contracts traded on the GCX will significantly increase marketing opportunities for rice farmers as well as address post-harvest loss issues and their lack of access to financing, which are key industry concerns.

Earlier this year, the GCX signed a Memorandum of understanding with a number of rice industry players including the Ghana Rice Interprofessional Body (GRIB), the John Agyekum Kufuor Foundation (JAK), Intervelle and others to support the production, post-harvest management and marketing of rice produced in Ghana.

facebookShare on Facebook
TwitterTweet
Source: By Joshua W. Amlanu
ShareTweetShare

Related Posts

GRA monitoring team recovers over ¢85m revenue shortfall

GRA monitoring team recovers over ¢85m revenue shortfall

March 20, 2023
Government unlikely to pay ¢4.185bn 5-year bond maturing on February 6, 2022

Ofori-Atta leaves for China for crucial debt restructuring negotiations

March 20, 2023
Goods must be checked, validated by sector commanders – GRA to importers

Goods must be checked, validated by sector commanders – GRA to importers

March 14, 2023
Mid year budget review to be unveiled this week

Expect coupon, principal payments on bonds in 48hrs – Finance Ministry assures bondholders

March 14, 2023
DDEP: Government achieves more than 80% participation

Government begins payments on outstanding bonds

March 14, 2023
Next Post
Strengthened foreign reserves support cedi stability

Strengthened foreign reserves support cedi stability

Ken Ofori-Atta, Finance Minister

COVIDNOMICS – Ken Ofori-Atta and The Future of Ghana

Discussion about this post

Archives

<
March 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
  12345
6789101112
13141516171819
20212223242526
2728     
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
 123456
78910111213
14151617181920
21222324252627
28      
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
1234567
891011121314
15161718192021
22232425262728
       
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

GRA monitoring team recovers over ¢85m revenue shortfall

GRA monitoring team recovers over ¢85m revenue shortfall

March 20, 2023
Government unlikely to pay ¢4.185bn 5-year bond maturing on February 6, 2022

Ofori-Atta leaves for China for crucial debt restructuring negotiations

March 20, 2023

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.