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Ghana rice listed on Commodity Exchange
Wed, 16 Dec 2020
The Ghana Commodity Exchange on Monday added rice contracts [Ghana rice] to the number of commodities traded on the electronic trading platform following the approval by the Security and Exchange Commission.
The move is expected to boost local rice production and consumption as government works to put a moratorium on rice importation by 2022.
GCX has so far listed five commodities namely: maize, soya bean, sorghum and sesame contracts.
“The exchange aims to standardise rice trading in Ghana with its grading system to enable buyers and sellers appropriately judge the quality of the produce they trade. These innovations give farmers the chance to further enhance the value of their produce and make it a much more attractive option on both the local and international market,” Mrs. Tucci Goka Ivowi, CEO of the Exchange said at the launch of the rice trading. ....

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