Original Story Published by: Staff Writer for My Joy Online
Photo Source: ©Ghana | JoyBusiness | JAD
The Ghana Commodity Exchange (GCX) and Barclays Ghana, have signed a Memorandum of Understanding (MoU) to cooperate with one another in building a framework for the settlement of trades as well as the provision of financial services to exchange actors.
As part of this MOU, Barclays Ghana, the biggest lender to the Agriculture Sector in 2018, has agreed to collaborate with GCX in the Warehouse Receipt Financing Programme and be a Settlement Bank to Exchange Members.
The two institutions also agreed to collaborate to build the capacity of farmers in the country.
This now makes a total of eight (8) Financial institutional partners of GCX, all of whom have agreed in principle to work with the Exchange to develop new financing products for farmers and traders. These financial institutions include Fidelity Bank, Zenith Bank, Apex Bank, ADB, ECOBANK, GCB Bank and Success for People Microfinance.
