The Ministry of Finance has released GH¢350 million from the Contingency Fund to support emergency flood relief and mitigation efforts following recent flooding in parts of Ghana.
The disbursement follows a directive from President John Dramani Mahama to Finance Minister Dr. Cassiel Ato Forson to mobilise resources for immediate response and long-term flood prevention measures.
After securing parliamentary approval in accordance with Article 177 of the 1992 Constitution, the Finance Minister authorised the Controller and Accountant-General to transfer the funds into a dedicated National Disaster Management Committee account at the Bank of Ghana.
Out of the total amount, GH¢200 million has been allocated for urgent relief assistance to flood victims and affected communities, while GH¢150 million will fund flood mitigation projects aimed at reducing the risk and impact of future flooding.
The government says the funding will support the implementation of the National Emergency Flood Response Programme and strengthen efforts to protect vulnerable communities from recurring floods.
