The GCX launched the first spot contracts for maize on November 6th, 2018. Since then, it has developed an electronic trading platform which connects buyers and sellers. With a network of modern warehouses and depots across the country, the exchange provides secure storage, product drying and grading, and also standardized re-packaging. In another landmark initiative, the exchange developped a partnership with banks, who provide agricultural financing by using the GCX’s electronic warehouse receipt system, called the ‟e-WRS”, as collateral.

Evolution of market activities of the GCX

Source: GSE

Main commodities contracts traded on the GCX

Source: GCX

Ghana is the world's second producer of cocoa and Africa's first gold producer. The country also exports crude oil and gaz, bauxite, manganese, lithium, diamond and other strategic minerals in raw form. It does not transform to derive the benefits of value addition. Although these commodities form the bedrock of Ghana's economy, they are not traded on the countrys stock market.

Commodities contracts NOT traded on the GCX

Source: New Economy Ghana infographics

GCX Warehouses

Source: GCX