Ghana’s Ministry of Trade and Industry is planning to launch a commodity exchange, Ghana Business News reports. The ministry will also develop a regulated warehouse receipt system to ensure price stability and provide sustainable and affordable finance, especially to farmers, who could further use their commodities as collateral.
The regulatory framework and strategies required for the commodity exchange are expected to be prepared by the end of 2011. The Security and Exchange Commission has concluded feasibility studies on the exchange.
Click here for the story from Ghana Business News.