Ghana commits to reliable disaster preparedness and response to climate change
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Mr. Ken Ofori-Atta, Finance Minister, says the government is committed to implementing solutions to manage climate risk and to ensure climate resilience.
He said, through the Global Shield against Climate Risk and Global Risk Modelling Alliance (GRMA) initiative, government would have a more substantially pre-arranged and trigger-based finance against disasters and climate risks.
The finance minister said this at the launch of the Global Shield against Climate Risks and the Global Risk Modelling Alliance initiative which sought to promote greater financial protection, faster reliable disaster preparedness and response to address losses and damages caused by climate change.
He said Ghana, like many other nations, faced significant climate risks that threaten our environment, our economy, and the well-being of our people, therefore, the cost of climate change to Ghana cannot be understated.
“To build a climate-resilient economy and transition to a low-carbon development pathway, it is imperative that we make informed decisions based on reliable data at both the national and subnational levels to minimise the impact of climate change and enable development-positive climate action.”
He further stated that it would enable identification of specific vulnerabilities within local and regional contexts and design targeted interventions to enhance resilience.
Dr Afriyie said the establishment of a dedicated international funding commitment and mechanisms to address climate change loss and damage must be established and operational.
He said Global Shield against Climate Risk, and Global Risk Modelling Alliance would help increase protection for climate-vulnerable economies like Ghana and communities by providing substantially more and better pre-finance against disasters and climate risks.
“Ghana will continue to stand together with other Climate Vulnerability Forum (CVF) Countries at the frontline of the global discourse on climate change,” he said.
By Stanley Senya
https://gna.org.gh/2023/07/ghana-committed-to-implementing-solutions-to-manage-climate-risk-ken-ofori-atta/