Economics : Index Insurance Programs Lit Review Edited

Running Head: LITERATURE REVIEWAgricultural Insurance Literature ReviewLearners nameAffiliated InstituteDateLITERATURE REVIEW2IntroductionAgriculture plays an important role in supporting humankind. Agriculture is not only asource of food consumed by humans but also a major source of income. In almost all Africancountries, agriculture is the largest contributor to the countrys economy. According to the datapublicly available on the World Bank records, agriculture contributes more than 15% of thecontinents GDP. This means that the continents agricultural sector generates over $100 billiontoward the GDP. In this regard, therefore, agriculture is an indispensable sector in Africancountries.Like is the case with many African countries, agriculture is the backbone of Ghanaseconomy. Over 20% of Ghanas GDP comes from the proceeds of agriculture. Ghanasagricultural sector is fairly the largest employer, offering jobs to over 44.7% of the employedpopulation - Ministry of Food and Agriculture (2011). Ghana is one of the countries that havecommitted a significant part of their land to agriculture. Over 65% of Ghanas land is used foragriculture. The countries main cash crops include; cocoa, palm oil and fruit. Cocoa is thedominant cash crop in the country, the product in which Ghana is the second largest producerafter Ivory Coast. Cocoa is mainly farmed in the central areas of the country, such as the landstretching from Ashanti plateau ...


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