Audio By Carbonatix
A warehouse with a capacity of 1000 MT has been constructed by Juaben Food Bank for farmers around the Juaben Municipal, Ejisu, Kumawu, Asokore and its environs.
The facility was constructed by JFB to support farmers to store commodities for trade through the Ghana Commodity Exchange (GCX).
The warehouse will facilitate the storage of grains by about 12,000 farmers located in the aforementioned farming communities.
As part of the agreement, GCX will operate the warehouse and provide services such as sampling, grading and quality assurance to farmers.
The farmers will be linked to the Exchange’s electronic trading platform where the farmers can find buyers easily for their commodities at premium prices.
CEO of the GCX, Dr Kadri Aflah told JoyBusiness “the grains from the beneficiary farmers would be cleaned, graded, fumigated, weighed and packaged into standard 50KG bags to increase their market appeal. The farmers would be able to access credit through their warehouse receipt which would be issued by the GCX”
The Ghana Commodity Exchange established by the Government of Ghana in 2018, operated a national warehousing and warehouse receipt system through which farmers in Ghana can access markets, undertake price discovery, reduce their transactions cost and manage operational and market risks. GCX currently operated warehouses in Afram Plains, Kumasi, Ejura, Wenchi, Kintampo, Tamale, Wa and Sandema where maize, soya, sorghum and sesame are sorted for trade through the Exchange.
The Executive Chairman of JFM, Nana Abeyie Siriboe stated that the warehouse will provide opportunities for farmers in the said areas. Farmers would now have the opportunity to combat persisting problems in the market.
This partnership is under the auspices of the “One District One Factory” initiative and this reflects the major role that the government plays to support farmers through the Ghana Commodity Exchange.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
KNUST Optometry 9th White Coat Ceremony advocates compassionate, visionary optometry care
4 minutes -
GEXIM-GHIB partnership to unlock global finance for Ghanaian exporters – GEXIM CEO
5 minutes -
Mid-Year Budget: Gov’t achieved surplus by compressing expenditure, not boosting revenue – Oppong Nkrumah
9 minutes -
Ghana’s flood crisis reflects institutional neglect, not just poor waste disposal – Prof Frimpong-Boateng
10 minutes -
NPP questions sustainability of govt’s economic gains ahead of Mid-Year Budget
10 minutes -
Photos: Mahama joins African leaders at AU health summit opening ceremony
18 minutes -
Police formally investigate woman after Brit stabbed to death in French village
31 minutes -
The beauty of disaster in Ghana: How politicians benefit from national tragedy
33 minutes -
Two Russians handed down jail terms for terrorism and spying in Angola
34 minutes -
High Court grants police assistance order for Receiver to take possession of Cheddar’s No. 1 Oxford Street Hotel
47 minutes -
Wontumi first casualty of ORAL, others could follow – Mustapha Gbande
54 minutes -
Foresters calls for protection of other urban forests following reversal of Achimota Forest declassification
55 minutes -
Majority, Minority clash over 44% debt-to-GDP ratio ahead of Mid-Year Budget Review
56 minutes -
Two patients exchange blows at Ejisu Government Hospital, damage computers and equipment
1 hour -
‘I’ll die for my party” – TikToker Mama One says after bail over remarks against Mahama
1 hour