Micro-insurance has emerged as a critical tool for mitigating financial risks faced by smallholder farmers in Ghana, particularly those engaged in crop cultivation. No empirical data were analysed; instead, a critical literature review was conducted to examine policy documents, academic studies, and reports from relevant governmental bodies and international organizations. The findings suggest that while there has been significant coverage expansion in some regions, the effectiveness of crop insurance varies widely depending on local agricultural practices and market conditions. Despite efforts towards increased coverage, gaps remain in terms of policy implementation consistency across different regions and sectors, necessitating targeted interventions to enhance uptake and impact. The review recommends a more tailored approach to micro-insurance policies with greater emphasis on farmer education and engagement strategies to improve the effectiveness of insurance schemes.
Kwesi et al. (2014) studied this question.