The Ministry of Finance has released GH¢350 million from the Contingency Fund to the National Disaster Management Organisation (NADMO) to support emergency flood relief and mitigation efforts following the devastating floods that recently affected parts of the country.
The disbursement follows a directive by President John Dramani Mahama to Finance Minister Dr Cassiel Ato Forson to mobilise resources from the Contingency Fund to finance immediate relief operations and strengthen measures to reduce the impact of future flooding.
In accordance with Article 177 of the 1992 Constitution, the Finance Minister first obtained parliamentary approval through Parliament’s Finance Committee before authorising the withdrawal from the Contingency Fund.
Following the approval, the Minister directed the Controller and Accountant-General to release the funds for the implementation of the National Emergency Flood Response Programme.
The Controller and Accountant-General subsequently opened a dedicated NADMO account at the Bank of Ghana and transferred the full GH¢350 million, officially crediting the account with the approved amount.
According to the Ministry, GH¢200 million of the allocation has been earmarked for emergency relief operations to support flood victims and affected communities across the country.
The remaining GH¢150 million will be used to finance flood mitigation measures aimed at reducing the frequency and impact of flooding in vulnerable communities.
The government said the release of the funds demonstrates its commitment to providing immediate assistance to those affected by the disaster while investing in long-term interventions to improve the country’s resilience against recurring floods.
The latest intervention comes after widespread flooding claimed lives, displaced thousands of residents and caused extensive damage to homes, businesses and public infrastructure in several parts of the Greater Accra Region and other affected areas.
