The ferocious impact of flooding on livelihoods and property demands efficient and ecofriendly adaptation measures. The Greater Accra Metropolitan Area (GAMA), Ghana loses a huge amount of resources to flooding every year. Although various interventions and measures have been put in place to ensure that flood risk in GAMA is properly managed, some Metropolitan, Municipal, and District Assemblies (MMDAs) in GAMA face significant challenges to finance reconstruction work after floods.

Chronic cash constraints mean that reconstruction of non-critical infrastructure is often delayed or not undertaken at all, which negatively affects the living conditions and the economy of the affected areas. To this end, the Public-Private Partnership between Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Allianz Reinsurance implemented the project “Developing Risk Management Approaches for Climate Risk”. Within an integrated flood risk management approach, the project sought to prepare the grounds for risk transfer solutions for public assets of some MMDAs in GAMA.