First drought insurance policy underwritten in Ghana

The Ghanaian Government has underwritten its first-ever drought insurance policy. It was issued by the African Risk Capacity (ARC) and financed up to 1 million USD by the German development bank KfW.

With this solution, the government can take swift action to help farmers and communities affected by drought.

This action is aimed at protecting the agricultural sector and safeguarding food security against increasingly high climatic risks.