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Finance Ministry releases GH¢350 million for flood relief and mitigation following Mahama directive
July 2, 2026
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Finance Ministry releases GH¢350 million for flood relief and mitigation following Mahama directive

Money
Policy

Key Points

  • The Ministry of Finance transferred GH¢350 million from the Contingency Fund to the National Disaster Management Committee (NADMO).
  • The funds are designated for emergency relief and flood mitigation efforts following recent devastating floods.
  • This action follows President John Dramani Mahama's directive and received parliamentary approval via its Finance Committee, in accordance with Article 177 of the 1992 Constitution.
  • GH¢200 million is earmarked for urgent relief interventions for flood victims, while GH¢150 million will finance long-term flood mitigation measures.
  • A dedicated NADMO account was opened at the Bank of Ghana for the transfer and management of these funds.

Why This Matters

This matters for Ghana as it demonstrates a swift and substantial government response to a national disaster, aiming to alleviate immediate suffering and build resilience against future flooding. It also underscores the government's commitment to constitutional financial procedures, ensuring accountability and transparency in the allocation of public funds during emergencies.

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