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Ghana commodity exchange is expected to create about 200,000 jobs for farmers and traders in the value chain, Finance Minister Ken Ofori-Atta has said.

According to Mr Ofori-Atta, the opening of the Exchange is a boost to government’s quest to create an orderly, transparent and efficient market system for farmers.

“The creation of approximately two hundred thousand jobs of both high and non-skilled areas will be open for commodity traders, data analyst, risk managers, business advisors, storekeepers, credit officers among others whiles some of the non-skilled jobs include cleaners, winnowers, re-baggers and loaders among others,” he said.

The Commodity Exchange is a regulated market that links buyers and sellers of commodities to trade by rules that assure fair trading.

The GCX is the first to be established in West Africa to trade in maize, soybeans, rice, dry bean, millet, and sorghum among others.

Ken Ofori-Atta said the government is working on strengthening the ADB bank for farmers to get readily accessible credit facility to enhance production.

“What we are doing with ADB is actually a commitment and a decision to strengthen the bank to increase support for farmers,” he noted.

According to President Akufo-Addo, the phenomenon of farmers chasing traders to sell their products will be a thing of the past with the coming on board of the Ghana Commodity Exchange.

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