{
  "id": 10491414,
  "title": "GCX calls for new era of shea trading",
  "url": "https://urgent.news/2026/09/28/gcx-calls-for-new-era-of-shea-trading",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T16:35:00.000Z",
  "source": {
    "name": "Ghanaian Times",
    "slug": "ghanaian-times",
    "url": "https://ghanaiantimes.com.gh/gcx-calls-for-new-era-of-shea-trading/"
  },
  "original_language": "en",
  "account": "The Ghana Commodity Exchange (GCX) has advocated for a significant overhaul in the shea trading system in Ghana to ensure local communities benefit more from the commodity. Speaking at the World Shea Expo 2026 in Tamale, GCX CEO Ms Evelyn Abakah emphasized the need for a structured and transparent domestic market. This change, she stated, would enhance price discovery, improve access to finance, and foster value addition to shea. Currently, Ghana loses substantial economic value as a large portion of shea is exported in its raw form, with only a third being processed for higher-value products like cosmetics and food items. GCX has successfully facilitated the trade of 80,000 metric tonnes of commodities, valued at over GH¢400 million over the past five years, demonstrating its capability to introduce order and trust to commodity trading. In collaboration with financial institutions and development partners, GCX has helped over 500 farmers secure financing using their stored commodities as collateral, with no defaults recorded. Ms Abakah proposed that the GCX should be granted a partial mandate to oversee domestic shea trading, aiming to provide the necessary market infrastructure for the industry's growth. She urged the inclusion of women, who are central to shea collection and processing, to secure a larger share of the value generated from the commodity.",
  "summary": "The Ghana Commodity Exchange (GCX) has called for a fundamental transformation in the way shea is traded in Ghana to ensure that the country and the communities that sustain the industry derive greater value from the commodity. The Exchange said a structured and transparent domestic market would help improve price discovery, strengthen access to finance … The post GCX calls for new era of shea…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}