Stakeholders trained in parametric insurance and disaster risk financing

The training, dubbed “UNDP Ghana Capacity Development Training on Disaster Risk Financing, Flood Risk Modelling, Technical Assistance Deployment and Payout Management,” brought together representatives from Ministries, Departments and Agencies (MDAs), NADMO, the National Insurance Commission (NIC), Ghana Statistical Service (GSS), National Development Planning Commission (NDPC), Ghana Hydrological Authority and Metropolitan, Municipal and District Assemblies (MMDAs) within the Greater Accra Metropolitan Area.

The National Coordinator of the Insurance and Risk Finance Facility (IRFF) at UNDP Ghana, Dr Amina Sammo, described disaster risk financing as more than a financial instrument, saying it was an important component of sustainable development.

Scores of stakeholders from government institutions have undergone training in parametric insurance and disaster risk financing as part of efforts to strengthen Ghana’s preparedness for climate-related disasters, particularly flooding.