Pointing out that the challenges of climate risks pose a big threat to Ghana’s sustainable development, Hon. Agyemang Kwarteng expressed  hope that “Our (Ghana’s) collaboration with ARC will help the country to improve its responses to extreme weather events and natural disasters which are impeding the achievement of certain components of the SDGs to which His Excellency, President Nana Akufo-Addo is passionate about….”

The Hon. Deputy Minister expects that the Programme of Work will also help prepare the Government to purchase sovereign insurance for smallholder farmers.

The Government of Ghana, as part of its commitment to implementing the priority areas of the Sendai Framework, is strengthening disaster risk management and governance system of the country. The Ghana Parliament has passed a National Disaster Management Organization Act 927 which established the National Disaster Fund for the country to which the Government has made contribution.

Hon. Eric Nana Agyemang-Prepeh, the Director-General of National Disaster Management Organisation (NADMO) stated that Ghana has completed a Country Customisation Process and Contingency Plan as well as determining of the Risk Transfer Parameters.

Hence, “…with the signing of the Programme of Work, NADMO is optimistic that the Government will soon sign onto the ARC insurance programme to deploy the Africa RiskView (ARV), developed by ARC Agency for monitoring extreme weather events, help build resilience of smallholder farmers against drought, flooding, and other natural disasters towards achieving the relevant Sustainable Development Goals for Ghana.”

As with many African countries, Ghana is affected by natural disasters including coastal erosions, droughts, bushfires, and floods; but has always shown commendable leadership in finding African solutions to African problems, hence its membership of African Risk Capacity.

The Director-General of ARC Agency, Mr. Mohamed Beavogui, indicated that the signing of the Programme attests to the enormous trust of the Government of Ghana in the ARC mechanism; and promised that the two parties will now work together to successfully actualise the purpose, terms and commitments contained therein. “We are looking forward to working with the Government of Ghana to deepen the relationship not only with the Agency and our sister company ARC Ltd, but also to build solidarity with its neighbours and the African continent at large.”, Mr. Beavogui said.

To derive the full benefits from its membership, Ghana will need to ratify the Establishment Agreement and take out an ARC Limited insurance cover. Such a step will augment the commitment of the Government of Ghana as shown both in establishing and making generous contribution into the National Disaster Fund.

The African Risk Capacity model is an innovative, cost-effective, and is proving that it can assist member-states to strengthen their capacities to better plan, prepare and respond to extreme weather events and natural disasters, thereby achieving the food security for their populations.