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President John Dramani Mahama has announced a significant progress in the computing of compensation packages for victims affected by the spillage of the Akosombo and Kpong Dam.

Speaking during the sod-cutting ceremony for the 24-hour market project at Juapong in the North Tongu Constituency on Thursday, July 16, the President said significant progress has been made in assessing affected persons and completing the administrative processes required for compensation.

He noted that government has remained committed to addressing the impact of the disaster and assured affected residents that the compensation process would be carried out fairly and transparently.

“The spillage of the Akosombo and Kpong Dams caused significant hardships for many families, affecting homes, farms, businesses and livelihoods across several communities,” President Mahama said.

“Government has remained fully engaged in addressing the aftermath of that unfortunate event. The necessary verification, assessment and administrative processes relating to compensation are being concluded,” he stated.

The President further disclosed that funds have already been allocated in the 2026 Budget to commence compensation payments once the verification process is completed.

“Once this process is finalized, the Minister of Finance made an allocation in this year’s budget to start the payment of compensation,” he said.

President Mahama added that should the budgetary allocation prove insufficient to compensate all affected persons, government would make additional allocations in the next budget to continue the exercise.

“If the money allocated is not enough, allocation will be made in next year’s budget to continue the payment,” he assured.

The Akosombo and Kpong dam spillage displaced thousands of residents and destroyed homes, farmlands and businesses across several communities, prompting calls for compensation and long-term support for affected families.