PRESS OFFICE: Traderex
Traderex’s offering supports smallholder farmers in Ghana
Traderex, Africa’s unique agricultural focused company offering a bridge between farmers and international traders via the Ghana Commodity Exchange, today announced an international expansion plan into the United States that will secure strategic partners in the commodity trading sector. The ultimate objective of the plan is to target American traders and investors who are looking for access to new sources of commodities via a formalised trading exchange.
Agriculture is the bedrock of Africa economy yet the continent faces challenges within the sector including post-harvest losses, food insecurity and minimal integration to wider international markets, making trading activities high risk and ultimately leaving smallholder farmers who make up over 60 % of sub-Saharan Africa’s population with extraordinarily little income. The transformation of Africa’s agricultural sector would greatly enhance the region’s economic prosperity and would create a significant new stable source of commodities at a time when the world economy is under immense pressure to access new sources and address food security issues.
Traderex supports Ghanaian farmers by enabling them to scale up their farms, reduce post-harvest losses, improve yield, earn more and spend less time doing manual work.
As the world is clamoring for new, stable commodity suppliers, Traderex is directly connecting African smallholder farmers to the wider international market through formalised exchanges to meet this increasing demand. By providing increased access to commodities, Traderex’s trading platform is also creating new investment opportunities for local, regional and international commodity traders who can now more easily participate in the African commodities market in an improved risk adjusted return environment.
Commenting on the American expansion plans, Benjamin Asiedu, CEO and co-founder of Traderex, said: “As we look to accelerate Traderex’s strategic development, we are extremely excited to formally announce our plans to secure American partners in the commodity trading sector. Traderex is the only company in Ghana to combine ‘last mile’ dedicated farmer support to increase yields with licensed brokerage trading services, which has the potential to transform the entire trading process. The socioeconomic impact of transforming smallholder farmers’ operations could increase annual earnings by up to 500%. Traderex’s ability to increase access to a commodity supply would work towards addressing global food security issues as well. We believe Traderex’s strong story of delivery will resonate highly among potential American partners.”
Founded in 2018 by Benjamin Asiedu and Edward Yeboah Mensah, Traderex is uplifting African smallholder farmers and their communities by elevating production yields and boosting commodity trading through increased access to the wider international markets and formalised commodity exchanges. Traderex farmers have direct access to the Company’s proprietary Lynck Monitoring Platform app allowing them to elevate production and boost trade. Traderex provides traders with easy access to trading via the TDX Mobile Trading app. By providing increased access to commodities via the Ghana Commodity Exchange, Traderex’ trading platform creates new investment opportunities for local, regional and international commodity traders who can now more easily participate in the African commodities market in an improved risk adjusted return environment.
For more information, visit Traderex’s website (www.traderexgh.com).