The Minister of Finance, Dr Cassiel Ato Forson, has entreated insurance companies to develop innovative insurance packages for farmers in order to cover them against losses and boost the country's food production.
He said the insurance companies should develop products to cover farmers against drought, pest and excessive rainfall.
The Finance Minister, who made the appeal in a speech read on his behalf at the closing of the maiden Sustainability Insurance Conference in Accra yesterday, outlined that there was an urgent need for climate-sensitive insurance products in view of the growing threat of climate change on agriculture and hydro power generation.
He noted that farmers often incurred losses due to drought or excessive rainfall occasioned by climate change.
