Application Process | Ghana Commodity Exchange

Name Industry Member Type Phone No.
Francis    Poku Associates 0557 440219
Kofi    Ntiri Associates 0244 102524
Francis    Haikins Associates 0207 258 579/0540 113 508
Kwame  Sika  Obeng Associates 0243 180 374
Omane  Ossei  Poku Associates 0247 702 240
William    Addo Associates 0244 362 034
Isaac    Darkwah Associates 0244 545 620
Nana  Opoku Ware  Agyemang-Prempeh Associates 0242 561 793
Kensford    Ofori Trading 0247 073232
Confidence    Blinksen Trading 0241 988 260
Joe    Emmim Trading 0243 558448
Chirag  Vijay  Rajput Trading 0279 311 010
Joe    Emmim Financial Institutions 0302 240 049
Letitia  Dorothy  Ametefe Trading 0244 630 432
Francis  Kyamasi  Asamoah Trading 0541 381 729
Joseph  Awudu  Malik Associates 0244 869 387
Praise  Awisi  Bogobley Associates 0244 590 621
Roland  Apindem  Ajiabadek Associates 020 535 1223
Kofi  Adusei  Koduah Associates 0540 122295
Monica  .  . Associates 0269 382146
Kwabena  Duah  Agyemang Associates 0201 689497
Maame  Adjoa  Thompson Associates 0302 200748/ 0266 802388
Eric  Kwabena  Agyei Associates 0244 692 089/ 0245 071 061
Name Industry Member Type Phone No.
Name Telephone Email Address
Newcap Partners Ltd 0506601925 info@newcap-partners.com GA-027-6272
Grow For Me 0242561793 nana@growforme.com Accra
Trans Africa Impex Ltd 024 413 6797 davyent@yahoo.com West Legon
Thrive Agric Ltd 054 887 6655 info@thriveagric.com Accra
Ersal Ent 020 770 7054 acolatse@hotmail.com Tamale
Gid Jay Ventures 0245143992 gidjayventures@gmail.com Accra
Ranahi Global Ltd 0503802098 sydney@ranajiglobal.com Tema Comm. H
Safehouse Agribusiness 0548968977 francisokunade@gmail.com Tema
Transafricon Ltd 020 813 1234 jopaitetteh@gmail.com Kintampo
Excel Rochelle Com Ltd 0242041702 hafisahiddrisu@gmail.com Tumu
Temple Investments 0243353277 trading@templeinvest.com Accra
Imexco Ghana Limited 0501627163 jlouis.feghali@gmail.com ANT/ABI ABC Junction, Achimota-Accra
Repston Farms Enterprise 0244649092 niicaulley@yahoo.com HS. No. 32, 3rd Lagoon Drive,  Sakumono-Accra
Savvy Securities Ltd 0266802388 info@savvysecurities.com Asylum Down - Accra
El Giga Farms Ltd(B) 0552260158 sdebre7@gmail.com Madina - Accra
Wecomm Agric – Media Consultancy Ltd 0246993690 rita.effah-darteh@wecommmedia.com Dzorwulu - Accra
Black Star Brokerage 0202222532 naoa@blackstarbrokerage.com.gh Kanda Estates - Accra
Bs Holding Ltd. 0207544468 cooafrica@crudenergy.com Adenta - Accra
Trenil 0244179 451 trade.ghana@trenilglobal.com Tema, Greater Accra Region
Traderex Ltd 0595820245 exchange@traderexgh.com East Legon, Greater Accra
Sarpong Capital 0540122295 sc-securities-accra@sarpongcapital.com East Legon, Greater Accra Region
Sandia Agric Ltd. 0264570537/0502315702 sami@sandiagroup.comv Accra, Greater Accra Region
Obsidian Achernar Securities Limited 0551626269 info@oamarkets.com

1 Norfo Close,North Dzorwulu, Accra

Nourish Ghana Ltd 0547 910690 jakper1010@gmail.com Bolgatanga
Merite Insurance Brokerage 0558466960/0209823423 k.owusu-okore@merite.com.gh Dansoman, Accra
May & Lotte Int. Ltd. 0244203004 Kuku.amos@gmail.com Tema
Makers Farming Hub Ent. 0549450332 makersfarminghub@gmail.com Accra
Lex Prime Investment Ltd. 0242612310/0244026178 aasibuo@gmail.com Airport-Accra
Kibbutz Pishon 0244 815 594 kpee_gh@aol.com Techiman
Kevi Capital Gh Ltd 0552532801 Kodjo.adovor@aya.yale.edu East Legon, Accra
Kaksfour Com. Ltd. 0247578555 kwasarp@hotmail.com Accra
Juvia Services 0243389174 oliviaamankwah@yahoo.com Accra
Isaac Darkwah 0244 545 620 darkwahisaac73@gmail.com Techiman
Iddec Company Ltd 0242535762 iddecgh@gmail.com Tema
Hiko Ghana Ltd info@hikogroup.com info@hikogroup.com Spintex, Accra
Halifax Asset Management 0268383834 halifaxam19@gmail.com Accra
Global Doyen 0544 884885 0246000064 info@globaldoyen.com Tema
Giftstar Commodities Ltd 0243573825 giftstarcommodities@gmail.com Haatso, Westlands
Giftstar Commodities Ltd 0243573825 giftstarcommodities@gmail.com Haatso, Westlands
Geographic Concepts Ltd. 0205370109 addabor@gmail.com Oyarifa
Faustad Investment 0244 420907 faustadworldinvestment@gmail.com Accra
Dansman Business Consultancy Ltd 0244 420907 subiniman@yahoo.com subiniman@yahoo.com
Daily Basics Ent. 0244 420907 gertrudeasamoah44@gmail.com Kasoa
Bpa Exim Ltd 0244 665 630 info@bpaexim.com Accra
Bhagya Laxmi Ltd. 0266 392998 jignesh99@yahoo.com Tema
Benchim Research 0557 440219 fnpoku@hotmail.com Takoradi
Bafort Company Ltd 02413 19716 bafortghana@gmail.com Kumasi
Ayowa Natural Resources & Agriculture Ltd. 0248 669703 overmarsgh@gmail.com Accra
ALLIED BIOMASS IND. LTD 0542949166 john.adjaye@alliedbiomass.com
East Legon, Accra
Agrocrop Com. Ltd. 0278188259 darlingtondesmond@gmail.com
Accra
Agro Labs Ltd 0557 899999 kofi.asiedu@wibbak.com Accra
Agricultural Finance Com. Ltd. 0264367679 / 0574957111 agricfinancegh@gmail.com
Tema, Accra
Kent Afrinal Services Limited 0244102524 kofi.ntiri@icloud.com Haatso, Greater Accra Region
Name Telephone Email Address
Title Download
Membership Rules and Obligations Download

GCX is a membership based organizations.

All buyers, sellers and stakeholders are required to subscribe to GCX Membership Program prior to trading or working with the Exchange.

To acquire GCX Membership the following four steps are required:

Step 1:

Applications forms are available from the GCX office or could be downloaded using the link on the GCX website (www.gcx.com.gh/membershipforms).

Step 2:

Complete the membership application form and submit it along with the documents requested on the form that applies to your organization, and submit with an Application Processing Fee of GHC 50.

Contact: The Membership and Business Development Manager, 2nd Floor - Africa Trade House, Ambassadorial Enclave Off Liberia Road  Ridge, Accra Ghana - West Africa. Tel: 0302-690670 / 0302-690674 / 0302-690675. 

Step 3:

All applicants who submit their application for GCX membership with the required documents will be notified within 30 days of submission of their application about the outcome. If your application is successful you will be required to pay the GCX Membership fees depending on the type of your Membership. Details about GCX Membership fees can be found on the GCX Membership Application form.

In order to encourage membership, the Exchange has special arrangements for Traders who have difficulties in payment. Details of this arrangement could be obtained from the Exchange.

Step 4:

Membership Requirement:

All successful GCX members will undergo initial training on Exchange products and services, rules and regulations, and trading through the Exchange.

  • 1. An applicant shall submit this application form along with the following documents, (duly attested by the applicant), which are a part of the membership criteria:
    1. Certified copy of Company / Cooperative Registration Certificate;
    2. Certified copy of Companies Regulations;
    3. Board Resolution on appointing authorized signatories;
    4. Education qualification certificates of authorized signatories, certified by a Notary public officer
    5. Proof of experience of the authorized signatories in the form of CVs
    6. Address, and communication details of the authorized signatories (National ID card/ Passport copy, telephone, cell, and email.);
    7. Bank account details and a current Bank Statement displaying the past 6 months;
    8. Copy of tax clearance certificate / VAT registration certificate;
    9. Two latest passport-size colored photographs for the authorized person(s);
    10. Current police report of the authorized signatories;
    11. Latest Auditors Report; and
    12. Any other document, as may be specified by the Exchange.
  • An applicant shall submit a processing fee as specified herein in the application form. In the case that this processing fee is not paid, GCX reserves the right to reject this Membership Application.
  • GCX reserves the right to accept or reject any Membership Application or amend the Terms and Conditions without assigning any reason whatsoever.
  • Membership shall be subject to renewal every two years at the GCX applicable rate.
MEMBERSHIP FEES
Member Type Admission Fee Annual Renewal Fee Membership Application Processing Fee
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
  TBD TBD GHC 50
List of GCX Member's Benefits

- Guarantee of Quality & Quantity of Commodities Traded

  • Provide facilities to enhance the quality of your grain (drying, cleaning, and weighing )-coops
  • Grading of grains to inform on quality and make it easy to price by market segments-coops
  • Grains sold on the Exchange are backed by quantity and quality guarantees by world-class collateral manager-seller/banks

- Warehouse Receipting System

  • Crops are converted into tradable held in electronic form and transferred from the owner to several buyers
  • Can use crops as collateral for bank loans

- Electronic Trading Platform

  • Enabling buyers and sellers to trade from anywhere in the world
  • Buyers can negotiate directly with sellers to determine prices acceptable to both using technology from anywhere in the world
  • Real prices for crops are gathered and sent to all market actors
  • Traders are paid within five days of trade through a bank transfer

- Availability of Stock

  • Direct partnership with producers that aggregate their grains and deposit them into exchange-certified warehouses

- Linking Farmers to Markets

  • Exchange continues to expand its network of buyers and sellers in Ghana, the West African region, and across Africa
  • Exchange is working to achieve a ratio of (1) seller to (3) buyers

- Access to Financing with Banking Partners: Farmers and traders

  • Exchange serves as a liaison between banks and farmers and traders to improve financial inclusion for agricultural stakeholders
  • The goal is to assist farmers and traders in obtaining working capital

- Access to Information on Pricing

  • Price tickers in exchange-certified warehouses will display prices on maize and beans
  • Farmers who are informed can negotiate better prices for themselves and avoid selling in distress to middlemen
  • Weekly publications in local newspapers will display results from trading sessions at the Exchange, positioning the Exchange as a price reference center
  • Try to avoid the informal system of price speculation

- Capacity Building for Farmers

  • Through education and training programs farmers will learn modern and proper grain-handling techniques and practices
  • The quality of crops will improve through collateral management services
  • Improved quality standards will reduce the risks for banks, easing the lending process to farmers

- Contract Based Trading

  • Trading through spot contracts ensures contracts are sold for immediate delivery
  • Contract for future delivery to manage price risk

- Others

  • Use of GCX logos and promotional materials to promote your business
  • GCX ID cards and Membership certificates to access GCX and its shareholder's services
General Notice:
  • Prior to trading on the Exchange, all new members must be approved by the Ghana Securities and Exchange Commission (SEC). Information on the approval process is available with the Exchange’s membership manager.
  • All GCX members will be assigned a GCX Identification Number ( ID number), a GCX ID card, and a GCX Membership Certificate

All membership inquiries should be sent to :

Membership & Business Development Manager

Office:

2nd Floor - Africa Trade House,

Ambassadorial Enclave Off Liberia Road 

Ridge, Accra

Ghana - West Africa

Telephone Number: 0302-690670 / 0302-690674 / 0302-690675

Email: richard@gcx.com.gh / membership@gcx.com.gh

or

Visit the GCX office:

2nd Floor - Africa Trade House,

Ambassadorial Enclave Off Liberia Road 

Ridge, Accra

Ghana - West Africa

Online Application Download
Membership - GoG-GCX Free SHS Supplier Open
Membership - GCX Financial Institutional Member Open
Membership - GCX Trading Member Open
Membership - GCX Brokering Member (Non-Institutional) Open
Membership - GCX Brokering Member (Institutional) Open
Membership - GCX Associate Member Open
GCX Online Trading