Skip navigation

Report

Initial Market Assessment : Country Scoping Note--Ghana

LIVING STANDARDS FLOODING TOTAL COST EARLY WARNING SYSTEMS ALLOWANCE RISKS REGULATORY FRAMEWORK ECONOMIC GROWTH INSURANCE SUPERVISORS STORM EARLY WARNING RISK REDUCTION FINANCIAL MANAGEMENT STOCK INCOME INTEREST LIFE INSURANCE GOVERNMENT FUNDING GOVERNMENT SPENDING EXCHANGE INSURER PROGRAMS INFORMATION DEVELOPING COUNTRIES HEALTH INSURANCE INSURANCE CORPORATION WELFARE INSURANCE SOLUTIONS CAPACITY BUILDING PRICING MODELS DISASTER PRIVATE INSURANCE CASH TRANSFER MARKET INFRASTRUCTURE DISASTER PREVENTION PENSION DISASTER EVENTS INSURANCE SCHEME EARTHQUAKES INSTRUMENTS INSURANCE MARKET INSURANCE COMPANY BUDGET CATASTROPHE INSURANCE DISASTER RELIEF CROP INSURANCE REINSURERS RIOT RELIEF DISASTER RESPONSE FEASIBILITY INSURANCE MARKETS INSURANCE PRODUCT PUBLIC FUNDS FLOODS DEBTS INSURANCE REGULATIONS LOCAL INSURANCE COMPANY NATURAL DISASTERS MARKETS DEBT LOCAL GOVERNMENT CAPITAL REQUIREMENTS PUBLIC FINANCE DISASTERS INSURERS SOCIAL SECURITY EMERGENCY RESPONSE FIRE FARMERS CONVENTIONAL INSURANCE RESERVES INSURED LOSSES FINANCE PUBLIC INVESTMENT BANKS REINSURANCE REGULATIONS HUMAN CAPITAL EMERGENCY EARTHQUAKE VALUE OF ASSETS FOOD SECURITY MICRO- INSURANCE DISASTER RISK CLIMATE CHANGE DROUGHT INSURANCE SCHEMES INSURANCE COVER INSURANCE PRODUCTS VALUE CASH PAYMENTS BANK INSURANCE LAW DISASTER RISK FINANCING AGRICULTURAL INSURANCE CLIMATE DEMAND SAFETY NET BAILOUTS DAMAGE PROPERTY INSURANCE INDUSTRY MICRO-INSURANCE DISASTER MANAGEMENT HUMAN CAPITAL DEVELOPMENT MARKET EXPLOSION FLOOD CREDIT GUARANTEE REGULATION POLICY SOLVENCY INSURANCE INSURANCE PREMIUMS ECONOMIC DEVELOPMENT TIDAL WAVES MARKET SHARE SECURITY STOCK EXCHANGE HURRICANE INVESTMENT RISK SHARE INDEMNITY WARNING SYSTEMS POVERTY ALLOCATION FINANCIAL CAPACITY UNDERWRITING INSURANCE SECTOR DISASTER RISK REDUCTION DECENTRALIZATION LAW FINANCIAL SUPPORT INVESTMENTS RISK MANAGEMENT INSURANCE COMPANIES SAFETY COVERAGE INSURANCE PENETRATION LAND MANAGEMENT PRICES GUARANTEE BENEFITS REINSURER INVESTING
60
0

Attachments [ 0 ]

There are no files associated with this item.

More Details

Washington, DC
Africa | Ghana
2015-08-17T16:02:21Z | 2015-08-17T16:02:21Z | 2013-09-22

Donors could assist in clarifying the role, building the capacity, and potentially helping to secure funding of key disaster risk management organizations in Ghana. Engagement in Ghana to develop private sector property catastrophe risk and agriculture insurance should be seen as a medium term engagement. Banking penetration is low, as is insurance and micro-insurance penetration, even when compared to regional countries. That said, Ghana has seen rapid growth in the micro-insurance market with the number of people covered doubling in the last 3 years. The insurance industry, while competitive, has struggled in recent years with profitability, indicating there could be need for insurance capacity building and improved governance. There may be however opportunities for targeted investments in the northern part of the country more prone to drought, aimed at increasing disaster resilience among vulnerable population using market-mediated solutions. Links could be explored between social welfare programs and market-mediated insurance solutions. For example, the government plans to expand the coverage of the Livelihood Empowerment against Poverty Program (LEAP) by over ten-fold in the next three years. These mechanisms could scale up programs against post flood events or drought events in the north. Donors could support the integration of market-mediated insurance solutions within the social welfare programs. Using local insurance capacity to bear some of the risk and develop the insurance products could also be investigated. Such mechanisms delivered through social welfare programs will create a critical mass of policyholders, which could spur the development of commercial agriculture insurance.

Comments

(Leave your comments here about this item.)

Item Analytics

Select desired time period