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Ghana Commodity Exchange exchange to provide collateral to farmers

Posted on 23 June 2016

The Ghana Commodity Exchange has introduced an initiative that will make it possible for farmers to access loans from banks using their produce as collateral.
Under the initiative dubbed ‘Warehouse Receipts System’, farmers or traders who subscribe to the GCX platform will be granted a receipt covering their goods after depositing them at the various warehouses set up by the Exchange. The receipt can then be presented to banks to serve as collateral in the event that holders want to access loans………………………………………..Full Article: Source


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