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Protecting financial investment: agriculture insurance in Ghana

Jacob Nunoo (Department of Economics, University of Cape Coast, Cape Coast, Ghana)
Bernand Nana Acheampong (German Development Cooperation (GIZ), Accra, Ghana)

Agricultural Finance Review

ISSN: 0002-1466

Article publication date: 1 July 2014




The purpose of this paper is to present readers with information on the state of provision of agricultural insurance as a means of protecting financial investment in agricultural productivity in Ghana.


The paper reviews interventions in the provision of agricultural insurance in Ghana and then examines what is currently being done in this area. The paper looks at issues arising from empirical evidence on agricultural insurance provision and links them to scholarly articles on these issues.


This paper shows that there has been considerable effort from the German Development Cooperation, the Ghana National Insurance Commission and government ministries and agencies, the Insurance sector in Ghana and stakeholder institutions leading to the creation of an agricultural insurance provider in Ghana. It is, however, evident from the results that the system is facing major challenges resulting primarily from the inability of the state to provide the needed policy and regulatory support that will assist the insurance sector in the development and delivery of the agricultural insurance products.


Even though there has been some research that has touched on agricultural insurance in Ghana, none of them has actually examined the current systems of providing the insurance since its inception. The paper therefore fills the gap of providing information on the current ongoing interventions for the provision of agricultural insurance for individuals and organizations that invest in the agricultural sector in Ghana.



Nunoo, J. and Nana Acheampong, B. (2014), "Protecting financial investment: agriculture insurance in Ghana", Agricultural Finance Review, Vol. 74 No. 2, pp. 236-247.



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