The fund will be used to cater for the victims before other assistance from the government, individuals and international donors come.
Dasebre Kwebu Ewusi VII, Chairman of the Platform Committee, made this known when he and members, inspected some areas affected by the June 20 flood that hit the three districts of the Central Region some six month ago.
He said the fund would solicit financial assistance from corporate bodies, banks, financial institutions, companies, individuals, philanthropists and other donors.
The members toured areas in the Agona West Municipal, Agona East and Gomoa East Districts.
The members of the committee comprise officials from Electricity Company of Ghana (ECG), National Fire Service, Regional Coordinating Council, National Disaster Management Organization (NADMO), Regional House of Chiefs and National Chief Fishermen Association.
Dasebre Kwebu Ewusi, who is also a member of the Council of State, however, did not mention the seed money for the fund but said it would reduce pressure on the national budget when established.
He assured the disaster victims that the government would do everything possible to help them to settle to alleviate their suffering.
Earlier, Dasebre Ewusi and his team had inspected two bridges, Islamic Primary Schools at Agona Nsaba and Agona Duakwa and some affected places at Agona Swedru.
Mr John Oremus Arkoh and Mr Jacob Felix Obeng-Forson, District and Municipal Chief Executives for Agona East and Agona West respectively, appealed to the government and international donors to help resettle the victims.