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The Ministry of Finance has credited the designated National Disaster Management Committee account with GH¢350 million from the Contingency Fund to finance emergency flood relief and mitigation measures following the recent devastating floods that affected parts of the country.
Following Parliament’s approval, the Minister for Finance authorised the Controller and Accountant-General to release and transfer the funds to support the implementation of the National Emergency Flood Response Programme.
In line with the directive, the Controller and Accountant-General opened a dedicated National Disaster Management Committee account at the Bank of Ghana and transferred the full GH¢350 million, fully crediting the account with the approved amount.
Of the total allocation, GH¢200 million has been earmarked for urgent relief operations to support flood victims and affected communities, while the remaining GH¢150 million will fund flood mitigation projects aimed at reducing the frequency and impact of flooding.
The release of the funds implements a directive by President John Dramani Mahama for an immediate government response to the flood emergency.
The intervention is expected to provide timely humanitarian assistance to affected communities while supporting long-term measures to strengthen flood resilience and reduce the impact of future disasters.
Source: 3news
