Ghana: new Agricultural Insurance Fund in prospect

According to Michael Andoh, Acting Commissioner of Insurance at the National Insurance Commission (NIC), a new Agricultural Insurance Fund (AIF) will be set up by September 2024.

For the record, another agricultural insurance fund, GAIP, is already present on the market. It was founded in 2011 to cover the drought risk. The pool's scope of activity was subsequently extended to cover other risks such as storms and forest fires.