Ethiopia to train Ghanaians on commodity exchange

Training for stakeholders involved in the setting up of the Ghana Commodity Exchange is expected to begin in the first quarter of 2012. Officials from the Ethiopian Commodity Exchange, the most successful such exchange in Africa, would be in the country to assist in training the stakeholders and personnel who would man the exchange, Ghanaian Minister of Trade and Industry Hanna Tetteh said. According to a report filed by the Daily Graphic, a team tasked with the preparation of regulations for the commodity exchange was almost through with its work. “We believe it is an important vehicle to encourage the cultivation of staple food crops and enable farmers to look at farming as a thriving business and agribusiness that has an easy market. We are hoping to start with staples; maize, rice, and soya sorghum, “The paper quoted the minister as saying. The implementing team from the trade ministry will work with the National Buffer stock management Agency, Ghana Grains Council and the Securities and Exchange Commission (SEC) to create another specialized trading platform for agricultural commodities.
(Ghana Daily)