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Enabling Policy Environment: Cost-Benefit Analysis for Ecofriendly Adaptation Measures

Enabling Policy Environment: Cost-Benefit Analysis for Ecofriendly Adaptation Measures

Date: 
March/2022
Author: 
GIZ
Language: 
English
Topics: 
Market Development
Enabling Policy Environment
The ferocious impact of flooding on livelihoods and property demands efficient and ecofriendly adaptation measures. The Greater Accra Metropolitan Area (GAMA), Ghana loses a huge amount of resources to flooding every year. Although various interventions and measures have been put in place to ensure that flood risk in GAMA is properly managed, some Metropolitan, Municipal, and District Assemblies (MMDAs) in GAMA face significant challenges to finance reconstruction work after floods. Chronic cash constraints mean that reconstruction of non-critical infrastructure is often delayed or not...
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Enabling Policy Environment: Contingency Plan Development

Enabling Policy Environment: Contingency Plan Development

Date: 
March/2022
Author: 
GIZ
Language: 
English
Topics: 
Enabling Policy Environment
Cities in Ghana, like anywhere else in sub-Saharan Africa, have grown substantially over the past decades. Rapid urbanization has outpaced the capacity of the authorities to plan and sustainably manage cities. Consequently, urban planning lags urban growth. Overall, the sprawling of towns has increased poverty and income inequality and has resulted in the growth of informal settlements and increased disasters. In Accra, flooding, fires, diarrheal disease have become perennial events. In recent years, there has been a high incidence of disasters occurring every year, leaving negative impacts...
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Design of a Flood Cover Insurance for Public Assets in Ghana

Design of a Flood Cover Insurance for Public Assets in Ghana

Date: 
March/2022
Author: 
GIZ
Language: 
English
Topics: 
Product Development
The Greater Accra Metropolitan Area (GAMA), Ghana experiences perennial rain events on an almost annual basis. This heavy rainfall causes significant economic and physical losses to the Accra region. For instance, approximately 40% of all assets managed by Accra Metropolitan Assembly (AMA) have reported flooding in previous years, while 40 AMA-managed assets are located in major flood zones. Estimates point to roughly ninety million Ghanaian Cedi (GHS) of material damages for these premises. Developing an appropriate insurance product is thus vital in coping with these flood risk damages. It...
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Developing Risk Management Approaches for Climate Risks

Developing Risk Management Approaches for Climate Risks

Date: 
March/2022
Author: 
GIZ
Language: 
English
Topics: 
Market Development
Public-Private Sector Partnerships
The Strategic Alliance GIZ-Allianz-BIMA is a collaboration between the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Allianz SE, Allianz Re and BIMA MILVIK, which joined forces to support governments, SMEs and households across the globe in strengthening their risk management plans. On the topic of climate risk, the project is currently working in Morocco and Ghana, developing integrated risk management solutions that incorporate insurance products. Vulnerability to climate change and natural disasters is increasing worldwide. Strategies must be developed to better...
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Roadmap for Integrated Climate Risk Management in Ghana
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Roadmap for Integrated Climate Risk Management in Ghana: Flood Risk Management & Transfer

Date: 
December/2021
Author: 
Heike Allendorf. Contributors: Matthias Range (GIZ), Akua Acheampomaa Asante (GIZ)
Natural disasters and their associated damages severely impact people around the world every year. Increases in exposure and vulnerability at a global level, linked to the multiple concurrent trends such as climate change, population growth and globalization of supply chains are making it imperative to find strategies to manage disasters more holistically. Integrated Disaster Risk Management (IDRM) is an approach for dealing with the risk and manifestation of natural disasters. It is characterized by a holistic perspective with regards to the various components of risk management. IDRM...
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Roadmap for Integrated Climate Risk Management: Drought Risk in Ghana’s Agricultural Sector

Content owner: 
ACRI+
Date: 
May/2019
Language: 
English
This roadmap is developed from work undertaken on ICRM through the “Promoting Integrated Mechanisms for Climate Risk Management and Transfer” project (“ICRM project”) implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH and the Munich Climate Insurance Initiative (MCII). In Ghana, the ICRM project is working across three Workstreams within the agriculture sector: (1) sovereign drought risk insurance, (2) building capacities for risk prevention and risk reduction and (3) the development of insurance products for commercial agricultural actors.
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Access to the African Risk Capacity Programme

Date: 
May/2019
Author: 
GIZ
Language: 
English
The African Risk Capacity (ARC) is a continental sovereign risk pool and early response mechanism designed to execute pre‐approved contingency. ARC’s mission is to help African Union Member States to protect the food security of their vulnerable populations. As an insurance risk pool, ARC’s objective is to capitalize on the natural diversification of weather risk across Africa, allowing countries to manage their risk as a group in a financially efficient manner in order to respond to probable but uncertain risks.
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Developing a Contingency Plan - Drought

Content owner: 
GIZ
Date: 
May/2019
Language: 
English
The creation of a contingency plan is one of the prerequisites to participate in the African Risk Capacity (ARC) as this pre-planning process ensures that countries are able to deploy ARC funds quickly and efficiently in case of weather shocks.
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Promoting Integrated Climate Risk Management and Transfer (ICRM)

Content owner: 
GIZ
Date: 
May/2019
Language: 
English
The objective of the project is to provide the agriculture market in Ghana with more options to hedge against weather risks resulting from droughts and floods. This includes insurance solutions, sovereign risk transfer solutions (through ARC) as well as agricultural risk prevention and/or reduction measures. Additionally, a roadmap was developed to outline recommended next steps to up-scale and intensify the efforts toward an integrated climate risk management in the agricultural sector.
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Ghana: Access to Data

Date: 
April/2019
Author: 
GIZ
Language: 
English
Topics: 
Innovation & Technology
Agricultural insurance is a business transaction based on the quantification of risk. The basis for all calculations of risk exposure in agriculture is sound data. Lack of data makes insurance companies shy away from agricultural insurance, either because the uncertainty makes it impossible to calculate risk or because the cost required to generate data makes the business model unviable. Generating data and making that data available to insurance companies is a key contribution from the public sector to the development of agricultural insurance. Insurers should have a right to access data...
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