Mitigating the effects of fire outbreaks on the socio-economic lives of women in the Kumasi Metropolis of Ghana: the role of microinsurance institutions.
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 2
Abstract
The studyexamined the extent to which market women demand microinsurance and also assesses the extent to which microinsurance institutions are mitigating the effects of fire outbreaks on the socio-economic lives of women in the Kumasi Metropolis of Ghana. The study used both qualitative and quantitative analysis on the data gathered. The results showed 99% of the Market women did not take up microinsurance while 1% took microinsurance. The study further revealed that difficulty in accessing claims has been one of the major reason market women do not access microinsurance. Again, contrary to popular opinion about the informal section savings, this study showed, the informal sector particularly market women save to revamp their businesses in case of market fires. The study recommended that, microinsurance institutions need to use public education and moral suasion to boost patronage. At the same time, government must introduce legislation to encourage the informal sector to buy microinsurance.
Authors and Affiliations
Doris Ohene Ntim
Keywords
Related Articles
- EP ID EP417256
- DOI 10.9790/0837-2302104852.
- Views 77
- Downloads 0
Agglomeration and Industrial Performance in Nigeria (1990- 2015)
This study examines the relationship between industrial performance and Agglomeration economies in Nigeria. We achieve this by taking into consideration the impact of Agglomeration-level (Urbanization and Localization ec...
Level Of Local Languages Interferences In English-Medium Classes And Their Effect In Attaining Quality Education: The Case Of Four Secondary Schools Located Within Hawassa University’s Technology Villages
The main objective of this study was to investigate the level of interference of local languages in English medium classes in four schools in Sidama Zone. The study was designed in conformity with the principles of mixed...
Implementation of Adult Education Program in Hawassa City Administration: Practice and Challenges
The main purpose of this study was to assess practice and challenge of adult education program. To this end the survey studies design was used and qualitative methods were employed. Sources of primary data use 81responde...
The Recommendation of Applying the Profit Sharing Scheme in Mudharabah Outlaying At Syariah Bank in Indonesia
This research aimed for determining the profit sharing scheme which can be applied to mudharabah financing in Islamic banks with kinds of mudharabah fund implementation issues are moral hazard and adverse selection. Ther...
Impact of Digitalization on Holy Quran Readers; Experience and Expectations
Digitalization has completely changed our mode of interaction and behaviour. Impact of digitalization is not only limited to customer behaviour or businesses rather it has impacted all the walks of life, including the re...