Ministry of Finance announces parliamentary approval of 150 million dollars for flood control

Minister of Finance, Dr. Mohammed Amin Adam Minister of Finance, Dr. Mohammed Amin Adam

The Ministry of Finance has announced the approval of $150 million in additional funding for the implementation of solid waste management, drainage improvements and other flood mitigation measures in Accra.

The Ministry announced this in a press release copied to the Ghana News Agency on Tuesday, May 21.

He said the World Bank fund would support ongoing Greater Accra Resilient and Integrated Development (GARID) projects, including repair works in sections of the Odaw basin.

Storm drains would also be constructed in Kaneshie and Nima-Paloma, and the creation of water retention ponds.

In addition, a flood early warning system would be established in the Greater Accra region and a waste transfer station and an engineered landfill would be constructed.

These efforts are expected to alleviate flooding throughout the Odaw River watershed by improving drainage, solid waste management, and infrastructure services in high-risk informal settlements within the watershed.

“As a result, approximately half a million people living in low-income communities around the Odaw watershed are expected to benefit directly and indirectly from these projects,” the statement added.

Beyond that, disbursements under the project and other expected inflows from the IMF, World Bank and African Development Bank would further support the exchange rate and macroeconomic stability, he said.

“The Ministry of Finance hereby assures all stakeholders that it will continue to work with relevant institutions to ensure that the facility is well utilized to achieve its project development objectives,” the statement added.