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Home Economics Economy

World Bank Offers A Grant Of $150 million To Improve Flood Resilience In Ghana

May 27, 2023
in Economy
Reading Time: 3 mins read
0

The World Bank has approved an additional $150 million in funding for the Greater Accra Resilient and Integrated Development Project (GARID) to improve flood risk management and solid waste management for over 2.5 million people in the Odaw River Basin of the Greater Accra Region.

The Greater Accra Region accounts for more than 40% of non-oil GDP and experiences heightened flood threats, which may limit the country’s economic and social development potential.

Due to rapid expansion and habitation in flood-prone areas, poor and unmaintained drainage systems, and solid waste accumulation along waterways and urban floods have become more frequent and intense.

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“The World Bank is happy to support Ghana in these times of macroeconomic challenges and to help contribute to a holistic flood management approach through this additional financing of GARID. This is critical to achieving the World Bank’s twin goals of ending extreme poverty and boosting shared prosperity, as well as increasing the resilience of African cities.

“This additional support fills a financing gap resulting from the triggering of the Contingency Emergency Response Component (CERC) in 2020 due to the COVID-19 pandemic and the inclusion of resettlement compensation for approximately 2,800 project affected persons. It also addresses cost overruns for major infrastructure investments due to inflation and engineering requirements.”

Pierre Laporte, World Bank Country Director for Ghana, Liberia, and Sierra Leone
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The flood event of June 3, 2015 affected 53,000 people and caused major damage and losses in the housing, transport, water, and sanitation sectors amounting to $55 million, with an estimated $105 million reconstruction cost.

At the time, the GARID project – a dedicated program of interventions, was designed to address these challenges.

World Bank Projects Grant Offered To Be Of Positive Impact To Ghana

According to World Bank, this project will continue to prioritize investments that enhance resilience to flood risks and improve solid waste management systems in targeted communities of the Odaw River Basin area.

The support, as stated by World Bank, will provide additional resources to continue financing the structural measures to increase the detention capacity for flood mitigation in the basin area, adding that, it will also provide targeted interventions in the low-lying areas of the basin and upstream interventions related to the management of municipal solid waste.

Mrs. Catherine Lynch, the Senior Urban Specialist and Task Team Leader for GARID project further revealed that the GARID project, through investments supported under the Climate Resilient Drainage and Flood Mitigation Measures component, will also provide significant climate change adaptation benefits.

catherine lynch.JPG
Mrs. Catherine Lynch

The interventions, she said, will improve drainage infrastructure, establish an early warning system, and promote better solid waste management in flood-prone, low-income communities.

“The planned flood mitigation infrastructure investments under GARID will directly reduce the flooding risks for urbanizing and economically productive areas of the Greater Accra Region, limiting the direct flood hazards on more than 138,000 people.” 

Catherine Lynch

Read also: World Bank Grants Ghana US$ 100 million Facility to Boost Production of Cashew, Coconut, and Rubber

Tags: Contingency Emergency Response Component (CERC)FloodingGreater Accra Resilient and Integrated Development Project (GARID)Odaw River Basin areaWorld Bank
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