Ghana loses $200 million annually to disasters- NADMO

Ghana loses approximately $200 million annually due to the impact of natural disasters, with over two million of its population affected each year, the National Disaster Management Organisation (NADMO) said on Tuesday. 

This significant economic loss, equivalent to nearly two per cent of the country’s Gross Domestic Product (GDP), underscores the urgent need for investment in disaster risk reduction. 

Major (Rtd) Dr. Joseph Bikanyi Kuyon, the Director-General of NADMO, disclosed this at the relaunch of the National Platform for Disaster Risk Reduction and Climate Change Risk Management in Accra. 

He stressed that investing in preparedness was far more economical than funding disaster response and recovery. 

“If you invest $1 in disaster risk reduction, you save an average of about $5.5 in disaster response and recovery,” he said. 

He attributed the recurring losses to the dormant state of national coordination platforms over the past 15 years, which led to uncoordinated efforts. 

Supporting the data, a representative from the United Nations Office for Disaster Risk Reduction (UNDRR), Ms Isabel Njihia, cited a World Bank report indicating that more than 4.3 million Ghanaians were expected to face a severe, one-in-100-year flood event. 

She revealed that flood events alone costed the nation about $100 million, a figure that could double by 2050 if no decisive action was taken. 

Ms Njihia pointed to the 2023 heavy rainfall and dams spillage in the Volta Basin, which displaced more than 26,000 people, as a stark reminder of the devastating human and economic cost of climate-induced disasters. 

Source: GNA