The implementation process, which had begun in some regions, was held in Accra on Tuesday with representatives from the Ministry of Finance, Ministry of Trade, Ghana Commodity Exchange, and other key players.

Mr. Sampson Akligoh, Director of the Financial Sector Division, Ministry of Finance, speaking at the event expressed excitement having seen the Warehouse Receipts System bill make progress to ensure a comprehensive legal and regulatory framework.

"In our quest to promote the development of the agricultural sector and provide a safety net, there is a need to discuss the warehouse receipt system to support the hard work of our farmers.

Indeed, warehouse receipt systems in any economy play critical roles in the agricultural value chain, and it is essential that we explore the numerous advantages it brings to our farmers and all stakeholders involved, including the financial flexibility it brings", he said.