Finance Ministry releases GH¢350 million for flood relief and mitigation following Mahama directive
Finance Ministry has transferred GH¢350 million from the Contingency Fund to the National Disaster Management Committee to support emergency relief and flood mitigation efforts following recent floods. This action follows a directive by President John Dramani Mahama to Finance Minister Dr Cassiel Ato Forson to mobilise resources. The withdrawal was undertaken in accordance with Article 177 of the 1992 Constitution, with the Finance Minister securing approval from Parliament through its Finance Committee before authorising the release.
Following Parliament's approval, the Minister directed the Controller and Accountant-General to transfer the amount to the National Disaster Management Committee to implement the National Emergency Flood Response Programme. The Controller and Accountant-General subsequently opened a dedicated National Disaster Management Committee account at the Bank of Ghana and transferred the full GH¢350 million into the account. Of the total amount, GH¢200 million has been earmarked for urgent relief interventions, while GH¢150 million will finance flood mitigation measures.
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Ghana's Ministry of Finance has released a significant sum from the Contingency Fund to address recent devastating floods and implement mitigation
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