GCX calls for mandatory commodity trading route for foreign buyers to protect Ghana’s farmers

Speaking on Joy FM’s Super Morning Show on Thursday, July 23, Joseph Nai Anum, Managing Marketing and Business Development at the Ghana Commodity Exchange, said one of the major challenges affecting Ghana’s agricultural sector is the competition created by foreign buyers who go directly to farming communities to purchase commodities.

The Ghana Commodity Exchange (GCX) has called for a policy framework that would require foreign buyers of Ghanaian agricultural commodities to purchase through the exchange rather than sourcing directly from farm gates.

According to the GCX, channelling commodity purchases through the exchange will help regulate the agricultural market, improve price stability, increase government revenue, and provide better data for national planning.