{"id":113745,"date":"2025-12-26T08:40:48","date_gmt":"2025-12-26T08:40:48","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-receives-usd-2-86m-arc-drought-insurance-payout"},"modified":"2025-12-26T08:53:23","modified_gmt":"2025-12-26T08:53:23","slug":"ghana-receives-usd-2-86m-arc-drought-insurance-payout","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout","title":{"rendered":"Ghana Receives USD 2.86M ARC Drought Insurance Payout"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>Ghana has received US$2.86 million from African Risk Capacity Limited under its first sovereign drought insurance policy to support households affected by the 2024 drought.<\/b><\/p>\n<p>The payout, officially presented on Monday, followed severe drought conditions that affected farming communities in the northern and southern belts during the 2024 planting season.<\/p>\n<p>The funding is to support about 109,000 vulnerable households impacted by crop failure and food insecurity and to strengthen resilience ahead of the next agricultural season.<\/p>\n<p>Dr Jean Chrysostome Ngabitsinze, Director-General of the ARC Group, presented the cheque to government officials, including Mr Ebenezer Okletey Terlabi, Deputy Minister for the Interior, and Major (Rtd) Dr Joseph Bikanyi Kuyon, Director-General of the National Disaster Management Organisation (NADMO).<\/p>\n<p>Mr Terlabi said the payout would \u201csignificantly complement ongoing efforts, enabling the scaling up of assistance to affected communities, strengthening food security and enhancing resilience among the most vulnerable populations.\u201d<\/p>\n<p>He said climate shocks were \u201cno longer distant threats but present-day realities,\u201d and said government remained committed to \u201cstrengthening early warning systems, expanding social protection mechanisms and deepening partnerships.\u201d<\/p>\n<p>Dr Ngabitsinze said the payout comprised US$960,202 for the northern season and about US$1.9 million for the southern season, with a total equivalent of GH\u00a232.9 million.<\/p>\n<p>\u201cBehind these figures lies something far more meaningful than numbers. They reflect the strong political will of the Government of Ghana to stand by its people in times of hardship,\u201d he said.<\/p>\n<p>Dr Ngabitsinze commended Ghana for \u201csetting a standard of leadership that deserves recognition\u201d by investing in preparedness and resilience.<\/p>\n<p>Major (Rtd) Dr Kuyon described the ARC payout as \u201ca powerful affirmation of foresight, partnership, and collective resolve.\u201d<\/p>\n<p>He said NADMO had coordinated inter-agency actions to ensure that relief reached the right beneficiaries \u201cin a timely, transparent, and accountable manner,\u201d adding that the support \u201chelped preserve dignity, stabilize livelihoods, and prevent the erosion of long-term development gains.\u201d<\/p>\n<p>The 2024 drought was reported to be among the worst in decades, with rainfall deficits recorded across eight regions.<\/p>\n<p>Data from the Ghana Meteorological Agency and the Food and Agriculture Organization indicated that July rainfall fell to seven millimetres, compared with the long-term average of 24 millimetres, severely affecting maize, rice, groundnut and yam production.<\/p>\n<p>More than 928,000 farmers were affected, with estimated investment losses of GH\u00a23.5 billion and revenue losses of GH\u00a210.4 billion.<\/p>\n<p>Government, through NADMO and development partners, including the World Food Programme, conducted a drought impact assessment and implemented early interventions such as cash transfers, relief items and the distribution of drought-tolerant seeds and fertilisers.<\/p>\n<p>The payout was made possible through premium support from Germany\u2019s KfW Development Bank under the Global Shield against Climate Risks initiative, enabling Ghana to access insurance coverage while easing fiscal pressures.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Ghana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. Ghana has received US$2.86 million from African Risk Capacity Limited under its first sovereign drought insurance policy to support households affected by the 2024 drought. The payout, officially presented on Monday, followed severe drought conditions that affected farming communities in the northern and southern belts during the 2024 planting season. The funding [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":113744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[429],"class_list":["post-113745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ghana Receives USD 2.86M ARC Drought Insurance Payout - Ghana<\/title>\n<meta name=\"description\" content=\"Ghana has received US$2.86 million from African Risk Capacity Limited under its first sovereign drought insurance pol ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana Receives USD 2.86M ARC Drought Insurance Payout\" \/>\n<meta property=\"og:description\" content=\"Ghana has received US$2.86 million from African Risk Capacity Limited under its first sovereign drought insurance pol ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-26T08:40:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-26T08:53:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/12\/sm_1766726545.102255.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana Receives USD 2.86M ARC Drought Insurance Payout\",\"datePublished\":\"2025-12-26T08:40:48+00:00\",\"dateModified\":\"2025-12-26T08:53:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout\"},\"wordCount\":463,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2025\/12\/sm_1766726545.102255.jpg\",\"keywords\":[\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-receives-usd-2-86m-arc-drought-insurance-payout\",\"name\":\"Ghana Receives USD 2.86M ARC Drought Insurance Payout - 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