Ghana has taken a major step forward to enhance its risk management capabilities and strengthen their resilience. Under the Global Risk Modelling Alliance (GRMA*) programme, Ghana’s Ministry of Finance has signed a grant agreement with a consortium led by Marsh McLennan, an Insurance Development Forum (IDF) member, to strengthen the country’s climate and disaster risk analytics.
With rising exposure to floods, droughts and coastal hazards, this programme will focus on:
- Agricultural risk insights to protect food systems
- Urban flood modelling for rapidly growing cities
- Coastal risk analysis to support vulnerable communities
Crucially, this is not just about data – it’s about building lasting capability. By equipping the country’s experts with open-source tools and hands-on risk modelling experience, the programme ensures long-term, locally owned capability to enhance resilience.
The agreement was signed during a three-day workshop recently held in Accra, which brought together government, academia and the private sector. It marked the crucial step from planning to delivery, with open-access models, maps and tools set to result from this work, to support risk-informed decision-making across Ghana.
Nick Moody, private sector Co-Lead of the GRMA on behalf of the IDF, and coordinator of the IDF Risk Modelling working group, attended the workshop along with Callum Elis from Marsh.
The IDF congratulates the Government of Ghana on this important step and wishes the Ghana GRMA programme all success.
Read the GRMA’s full press release here.
* The GRMA is a public-good service platform dedicated to delivering access and capability in climate and disaster risk insight to build resilience where it is needed the most. It was co-founded by the Insurance Development Forum and the V20; it is funded by the German government and operated in partnership by the IDF and the InsuResilience Solutions Fund (ISF), hosted at Frankfurt School of Finance and Management.
