Open Journal of Business and Management, 2017, 5, 215-229 http://www.scirp.org/journal/ojbm ISSN Online: 2329-3292 ISSN Print: 2329-3284 DOI: 10.4236/ojbm.2017.52020 April 13, 2017 Evaluating the Constraints to Development of Agricultural Insurance for Cashew Crop Farmers in Brong-Ahafo Region of Ghana Nicholas Oppong Mensah 1 , Simon Cudjo Fialor 2 , Edward Yeboah 3 1 Department of Agricultural Economics, Agribusiness and Extension and KNUST School of Business, Kumasi, Ghana 2 Kwame Nkrumah University of Science and Technology (KNUST), Kumasi, Ghana 3 University Post Office, Kumasi, Ghana Abstract Research evidence from the International Institute of Tropical Agriculture (CIAT) in 2011 gives credence to the notion that cashew development would mitigate the impact of climate change on cocoa in 2012. This makes cashew development imperative, however to do so requires access to credit from fi- nancial institutions, which ration credits when it comes to lending to the agricultural sector. Research evidence has shown a correlation between agri- cultural insurance and loan uptake in Malawi and Ghana. However an evalua- tion of the cashew subsector in the Brong-Ahafo Region of Ghana with an aim of developing agricultural insurance schemes for cashew crop farmers has not been without constraints. This study sought to investigate the key constraints that would impede the development of agricultural insurance for cashew crop farmers in the BrongAhafo Region of Ghana. Based on a positivist research philosophy, the study employed quantitative techniques. A multistage sam- pling technique was employed, which involved purposively selecting stake- holders of Ghana Agricultural Insurance Pool (GAIP). A simple random sam- pling technique was also employed to select 30 pool stakeholders from GAIP. Data were collected by means of structured questionnaires. Data were ana- lyzed by employing descriptive statistics, and the Kendall coefficient of con- cordance was used in identifying and analyzing the perceived constraints to developing agricultural insurance for the cashew crop farmers in the study area. The result from the survey indicated that high marketing cost; high pre- miums (making the product unaffordable); lack of agricultural insurance leg- islation; low availability of data; lack of knowledge about product develop- ment; and lack of qualified personnel in the area of agricultural insurance were some of the perceived constraints that would impede the development of agricultural insurance in the study area. Thus a Public Private Partnership How to cite this paper: Mensah, N.O., Fialor, S.C. and Yeboah, E. (2017) Eva- luating the Constraints to Development of Agricultural Insurance for Cashew Crop Farmers in Brong-Ahafo Region of Ghana. Open Journal of Business and Manage- ment, 5, 215-229. https://doi.org/10.4236/ojbm.2017.52020 Received: July 8, 2016 Accepted: April 8, 2017 Published: April 13, 2017 Copyright © 2017 by authors and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0). http://creativecommons.org/licenses/by/4.0/ Open Access