Value of trading activity dropped by 45% in 2023

The Ghana Commodity Exchange (GCX) reported a significant decline in trading activity for 2023, with total trade value dropping 45% to GH₵11.3 million from GH₵20.7 million in 2022.

This downturn reflects the economic instability and adverse climate conditions affecting the agricultural market. The number of contracts traded fell by 36% to 2,206, and trading volume decreased from 5,585.26 metric tonnes to 2,488.17 metric tonnes.

Despite these challenges, maize remained the primary commodity, comprising 93% of the trade volume. The GCX Graded Commodity Index achieved a yield of 7.14%, supported by initiatives like the Commodity Aggregation Development Fund.

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