We are coming soon!


We'll notify you when the site is live:

Maintenance Mode is a free coming soon/under construction blogger template from NewBloggerThemes.com. Maintenance Mode blogger template has jQuery countdown timer, progress bar, tabbed view section, email subscription box and twitter follow and share buttons. You can go to Edit HTML replace this with your own words. For more free blogger templates, visit NewBloggerThemes.com.
Copyright © SOMETHING NEW NOW | Published By Gooyaabi Templates | Powered By Blogger
Design by ThemeFuse | Blogger Theme by NewBloggerThemes.com

Blog Archive

Powered by Blogger.

Subscribe and Follow


Random Posts


Popular Posts

your widget

your widget


14 March 2014

Ghana Commodity Exchange Attracts 6 Investment Consortium.

Ghana's new commodity exchange – labelled the future West African hub – has received encouraging investment backing after Eleni, Africa's commodity exchange premier promoter, formed a private-public consortium to finance the establishment of the bourse.

The consortium comprises a group of top tier financial institutions in Ghana including Data Bank Agrifund Managers, Ecobank Ghana, UT Bank Ghana, IFC, 8 Miles Fund and Eleni. The Ghanaian government controls minority stakes in the exchange.

Commodity exchanges – a platform for the trading of raw material, mostly agricultural produce – are usually an alternative investment channel to the stock market. It is considered a less risky market as physical goods are less susceptible to speculations, which is a major factor in driving value of stocks.

The West African nation has been keen on developing its agriculture industry, by providing a sustainable secondary sector. The newly established bourse serves as an opportunity to establish a cost effective and profit yielding marketplace.

"as part of efforts to create an orderly, transparent and efficient marketing system for Ghana's key agricultural commodities to promote agricultural investment and enhance productivity, the Government has committed itself to the establishment of a Ghana Commodity Exchange (GCX) and associated Warehouse Receipt System(WRS)," said Ghana's President, John Dramani Mahama.

"This move is to encourage market access and fair returns for smallholder farmers and to facilitate the formalization of informal agricultural trading activities. It is expected that the establishment of the Ghana Commodity Exchange will position it as a West Africa Regional Hub for commodity trading activities."

Commodity bourse is a common feature of agricultural driven economies such as Ghana and Nigeria with agric products such as cocoa, oil palm, cassava available in large commodities.

The Abuja Securities and Commodities Exchange was established in 1989 largely for the purpose. It was designed to provide a cushion for investors who battle with price fluctuation in the equity market.

Nigeria's Securities and Exchange Commodities (SEC) Director General, Aruma Oteh disclosed plans to privatize the bourse, stating that a mid-year sale is its primary target. Heirs Holdings, a Nigerian-based investment firm has shown interest in acquiring the exchange.

 Source: Ventures Africa

 info@ventures-africa.com (Ventures Africa)


Post a Comment

Google+ Followers

Google+ Followers