Ghana Commodity Exchange forges ahead despite coronavirus outbreak

The Ghana Commodity Exchange (GCX) an electronic platform that links producers of food and other commodities to buyers, said on last Wednesday that trading is ongoing amid the Coronavirus pandemic.

Though trading has not been as vibrant as expected, some traders are still using the Exchange’s electronic trading system to reach out to producers, mostly farmers, to buy commodities from them.

GCX has scaled up its remote trading capabilities by more than 500% meaning that more buyers and sellers can trade from exclusive places like their homes, so they don’t need to come to the GCX offices as before to trade.

The Exchange has also put in the necessary steps to provide more traders with online technical support to enable effective trading from remote sites.

With the Directives from the Government of Ghana about reducing the spread of the virus, GCX has most of its staff working from their homes, but still supporting the traders in their transactions.

"We've seen some impact on our operations, but we are forging ahead," Chief Executive Officer Kadri Alfah said in a statement.