Some private operators in the agribusiness value chain have suggested targeted investments into the agricultural sector to increase production and sustain the Ghana Commodity Exchange (GCX).
According to the Managing Director of RMG Ghana, William Kotey, existing programs like planting for food and jobs could be expanded to reach more farmers with the provision of their basic working needs.
He made the remarks when he took his turn at CIMG’s Evening lecture series on Thursday, November 29, 2018.
“We are saying that you must make sure that the links that will make it beneficial to farmers are really put in place so if we are asked to offer whatever services that we have, we are ready to share. In ensuring that those facilities and systems are working,”
“Somebody will have to go back to the field and help in production levels so that the farmers can increase their yield and will have as much as needed to let the exchange operate,” he added.
Mr. Kotey, whose company has already signed a Memorandum of Understanding (MoU) with the Ghana Commodity Exchange says they are assessing the operations and scope of the platform.
The Ghana Commodity Exchange provides a platform for farmers to get competitive prices for their produce by connecting sellers to buyers. It was launched on November 7, 2018 by President Akufo Addo.
The Exchange will allow the buying and selling of listed agricultural commodities in the country.
For now, the platform trades in grains and calls have started pouring in for other commodities like cocoa to be brought on board.