Ghana IntelBrief
Back to Latest Briefings
GARID says Odaw dredging 40% complete as flood-control works continue
June 30, 2026
AI-Enhanced

GARID says Odaw dredging 40% complete as flood-control works continue

Money
Policy
Opportunity
Growth

Key Points

  • The GARID Project's dredging of the critical Odaw Channel is only 40% complete, despite Accra experiencing one of its worst flooding events recently, with full completion expected by year-end.
  • The World Bank-funded project, extended to 2027, has disbursed US$127.1 million (36.3%) of its US$350 million financing but has not yet fully achieved its flood mitigation objectives.
  • Delays are attributed to challenges such as temporary suspension of dredging to remove accumulated material and difficulties in securing temporary disposal sites.
  • Beyond the Odaw Channel, major drainage construction is progressing across Accra, with some sections completed and new phases anticipated to require extensive traffic management.
  • GARID is Ghana's first World Bank-funded urban resilience program, also supporting solid waste management and institutional capacity building, aiming to strengthen Accra's resilience against increasingly frequent flooding.

Why This Matters

This project is profoundly significant for Ghana as it directly addresses the chronic and worsening issue of urban flooding in Accra, which severely impacts economic activity, public services, and the safety of its citizens. The success of GARID is critical for enhancing the capital's resilience to climate change, ensuring sustainable urban development, and protecting livelihoods.

Read Full Article

View original source

Related Articles

GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako

August 24, 2026

GoldBod denies GH¢1bn BoG overdraft claim, demands retraction and apology from Boako
  • The Ghana Gold Board (GoldBod) has vehemently denied claims by MP Dr. Gideon Boako that it owes the Bank of Ghana (BoG) a GH¢1 billion overdraft.
  • Dr. Boako, a Deputy Ranking Member on Parliament’s Finance Committee, questioned GoldBod's reported GH¢907 million profit, stating an outstanding overdraft would reflect a loss.
  • GoldBod labeled Dr. Boako’s claim as “totally false,” a “deliberate and malicious smear campaign,” and demanded a retraction and apology.
  • This dispute is set against a broader political and economic debate concerning GoldBod’s financial performance and the accounting treatment of GH¢22 billion losses from the Domestic Gold Purchase Programme (DGPP).
  • GoldBod asserts it has never taken any loan, overdraft, or debt instrument from the Bank of Ghana or any financial institution since its establishment.
Read full briefing

GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin

August 24, 2026

GoldBod losses remain key on Minority agenda as Parliament reconvenes – Afenyo-Markin
  • The NPP Minority Leader, Alexander Afenyo-Markin, reaffirmed the caucus's commitment to investigate a reported US$1.7 billion loss linked to the Bank of Ghana’s Domestic Gold Purchase Programme and the Ghana Gold Board (GoldBod).
  • This commitment was reiterated after Afenyo-Markin met with NPP flagbearer Dr Mahamudu Bawumia in Accra.
  • Dr Bawumia commended the Minority Caucus for its accountability efforts and encouraged their continued work.
  • The reported loss, equivalent to about 1.5% of Ghana’s GDP, will be a key issue for the Minority as Parliament reconvenes.
  • The Minority is resolute in pursuing the matter to get answers for the Ghanaian public regarding the circumstances of the loss.
Read full briefing

August 23, 2026

Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
  • The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
  • However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
  • The DGPP loss is significant, equating to about 65 cents for every US$1 of FDI attracted, highlighting a major resource management issue.
  • IERPP emphasizes that while FDI is crucial, it cannot substitute for prudent management and protection of existing public resources.
  • The Institute calls for greater transparency, a clear breakdown of DGPP losses, and intense scrutiny from accountability institutions, Parliament, and civil society.
Read full briefing