GAPWM2   1,880  -  0 
GAPWM3   1,240  -  0 
GAPYM2   1,200  -  0 
GAPYM4   1,160  -  0 
GBOAMSMR2   11,110  -  0 
GEJWM1   2,622  -  0 
GEJWM2   4,030  -  0 
GEJWM3   2,756  -  0 
GEJWM4   2,560  -  0 
GEJYM2   1,200  -  0 
GEJYM3   1,000  -  0 
GKIWM1   1,820  -  0 
GKIWM2   3,776  -  0 
GKIWM3   3,970  -  0 
GKIWM4   1,100  -  0 
GKIYM2   3,500  -  0 
GKIYM3   1,120  -  0 
GKUWM1   1,480  -  0 
GSAWM1   3,145  -  0 
GKUWM2   4,645  -  0 
GKUWM3   1,700  -  0 
GKUWM4   1,700  -  0 
GKUYM1   1,480  -  0 
GKUYM2   4,130  -  0 
GKUYM3   6,515  -  0 
GKUYM4   1,700  -  0 
GKUYSB3   9,715  -  0 
GSAWM2   4,745  -  0 
GSAWM3   2,684  -  0 
GSAWSS4   3,200  -  0 
GSAYM1   3,145  -  0 
GSAYM2   6,176  -  0 
GSAYM3   2,516  -  0 
GTAWM1   4,440  -  0 
GTAWM2   4,405  -  0 
GTAWM3   1,920  -  0 
GTAWM4   1,100  -  0 
GTAWSO3   1,550  -  0 
GTAYM1   1,480  -  0 
GTAYM2   5,929  -  0 
GTAYM3   1,120  -  0 
GTAYSB1   2,800  -  0 
GTAYSB2   10,390  -  0 
GTUWM2   5,958  -  0 
GTUYM2   6,300  -  0 
GWAWM1   1,340  -  0 
GWAWM2   3,823  -  0 
GWAWM3   1,200  -  0 
GWAYM1   3,099  -  0 
GWAYM2   6,300  -  0 
GWAYM3   1,100  -  0 
GWAYSB1   4,828  -  0 
GWAYSB2   5,325  -  0 
GWEWM1   1,340  -  0 
GWEWM2   3,945  -  0 
GWEWM3   2,695  -  0 
GWEWM4   2,694  -  0 
GWEYM1   1,760  -  0 
GWEYM2   5,803  -  0 
    

News | Ghana Commodity Exchange

THE GHANA COMMODITY EXCHANGE HOSTS SECOND WEBINAR OF 2023: EXPLORING AFRICAN COMMODITY EXCHANGE PREPAREDNESS FOR AFCFTA

Date : 25th Aug, 2023


THE GHANA COMMODITY EXCHANGE HOSTS SECOND WEBINAR OF 2023: EXPLORING AFRICAN COMMODITY EXCHANGE PREPAREDNESS FOR AFCFTA image


The Ghana Commodity Exchange (GCX) successfully held its second webinar of the year on Wednesday, July 5th, 2023. The virtual event, which was broadcasted live on Zoom and Facebook, focused on the theme "Preparedness of African Commodity Exchanges for AFCFTA,".

As AfCFTA strives to boost inclusive economic growth, foster regional integration, and enhance Africa's competitiveness on the global stage, GCX's webinar series aimed to address the potential for synergy among different commodity exchanges to achieve these shared objectives.

Distinguished speakers included heads of leading African commodity exchanges; Mrs. Tucci Goka Ivowi, CEO, Ghana Commodity Exchange, Mr. Ayodeyi Balogun, GCEO, AFEX Commodities Exchange, Mr. Augustino Mbulumi, Deputy CEO, Tanzania Mercantile Exchange & Mr. Bahailu Nigussie, Deputy CEO, Ethiopia Commodity Exchange and a representative from the AfCFTA Secretariat, Mr. Mohammed Ali, Director of Trade and Competition, AfCFTA Secretariat. The insightful discussions shed light on the progress made by various exchanges and the challenges they face in adapting their operations to AfCFTA provisions.

Diverse perspectives were brought to the table, with panelists shedding light on the ways in which increased regional trade and economic growth can be harnessed through the AfCFTA. The power of collaboration, innovative strategies, and steadfast partnerships were underscored as crucial elements in realizing the full potential of this historic trade agreement.

The discussions brought to light several key takeaways regarding the potential benefits and challenges associated with the African Continental Free Trade Agreement (AfCFTA). The opportunities presented by AfCFTA include the potential for increased regional trade, leading to economic growth and enhanced integration among African nations. However, to fully realize these advantages, a series of challenges must be addressed. These challenges encompass the necessity for improved infrastructure and technological advancements, the establishment of effective regulatory frameworks, and the enhancement of capacity-building initiatives to facilitate efficient trading systems.

Additionally, the integration of financial institutions, addressing differences in standards across the continent, and aligning policies and strategies were underscored as critical steps in unlocking the full potential of AfCFTA. One of the notable focuses was on empowering smallholder farmers and other stakeholders in the agricultural value chain by providing them with improved access to finance, real-market information, and other resources. The discourse emphasized that concerted efforts in these areas are essential to create an environment where AfCFTA can flourish, fostering inclusive economic growth and realizing the vision of a more interconnected and prosperous Africa.

The webinar was marked by its interactive nature, with numerous engaging questions from the attendees. The panelists unanimously called for intensified collaboration among African commodity exchanges to bolster the realization of AfCFTA's goals and objectives.

In conclusion, the Ghana Commodity Exchange remains committed to fostering dialogue, cooperation, and knowledge exchange among African commodity exchanges, all of which will contribute significantly to harnessing the potential of AfCFTA for the mutual benefit of the continent's economies.