GNCCI COLLABORATION WITH THE GOVERNMENT ON THE PROPOSED COMMODITY EXCHANGE PROJECT

The Ghana National Chamber of Commerce & Industry in Collaboration with the GoG

The country being predominately agricultural country lacks a self-coordinating market system for the trade of agricultural produce. Farmers lack access to a well function market where they can get competitive price for their produce.

As a consequence, farmers face the problem of unstable prices for their produce leading to glut in one region or district and shortages in other regions. Lack of access to agriculture raw materials also affect agro-proceessing and other sectors.

The Ghana National Chamber of Commerce & Industry in collaboration with the Ghana Agricultural Producers and Traders Organisation, the Ghana National Cargo Transporters Association and with the support of BUSAC will undertake an advocacy action on the inclusion of the private sector in the establishment of a Commodity Exchange.

Agricultural markets in Ghana had been characterized by high costs and high risks of transacting, forcing much of our agric producer into isolation. With only a few of output reaching the market, commodity buyers and sellers tended to trade only with those they knew, to avoid the risk of being cheated or default.

Trade is done on the basis of visual inspection because there was no assurance of product quality or quantity, this drive up market costs, leading to high consumer prices.

The goal of this action is to partner with other stakeholders to develop a Commodity Exchange to connect buyers and sellers of locally grown agricultural commodities in an efficient, reliable and transparent manner by making use of innovation and technology.

1. To develop an integrated commodity marketing policy that addresses all the processes namely, transport, grading, storage and information facilities for the producer as well as the consumer

2. To develop a well equipped institutional establishment which can provide all marketing services to all market actors;

3. To develop a private and public-partnership in the creation of the commodity market.
The Chamber will undertake a study tour of Ethiopia and develop a position paper. A sensitization workshop will be organized to allow beneficiaries of the action mainly members to contribute to the position paper presented.

A series of media activities will be carried out via TV, Radio and print media to inform and educate the public. Stakeholder workshops’ policy dialogue will be used to ensure a consensus is reached and objective of action achieved. Finally negotiation and follow up on target groups

This project will contribute towards strengthening the culture of doing business by creating a transparent, innovative and efficient marketing system for buyers and sellers especially small-scale farmers who are at the mercy of merchants in the nearest and only market they know, to negotiate better prices or reduce their market risk.

 

Source:

http://essabra-mensah.blogspot.com/2011/10/gncci-celebrates-250-years-of-private.html

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About Anang Tawiah

About the author :: Anang Tawiah is a New York City based Management Consultant specializing in Investment Risk and Technology Strategy. He continues to guide many Blue chip companies and Governments as a Business and Technology Consultant. Please direct all follow up questions, concerns, request for speaking engagements and presentations regarding my articles and research to my Facebook Page listed below. You can read more of his analysis or reach him for further professional consultations and or guidance at: // Email: anang@labaddi.com // Follow me on Wordpress: www.anangtawiah.com // Follow me on Facebook: www.facebook.com/AnangTawiah

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