Indexing government scandals one at a time
The Opposition National Democratic Congress (NDC) has accused government of illegally transferring over GHC17 million of National Health Insurance Scheme’s funds into a private fund management company, All Time Capital Investment.
Speaking at the third edition of Moment of Truth Series organised by the NDC, Mr. Gyamfi attributed the current financial woes of the scheme to the diversion of funds and other alleged fraudulent activities.
“Our painstaking investigations have revealed that upon President Akufo-Addo assuming office – The National Health Insurance Authority without any due diligence… transferred a whopping GHC17, 548, 370.20 in three tranches into private financial house called All Time Capital Limited supposedly as investment.”
“Incontrovertible evidence available to us indicate that despite repeated efforts by the scheme to retrieve the invested funds and accrued interest have failed. The company informed the National Health Insurance Authority that it could effect some payment if only the investment funds were allowed to be ran for an additional year. This situation is contributing to the worsening financial fortunes of the scheme.”
The Minority has over the past years been expressing concerns over the use of the NHIS funds for what it calls unnecessary programmes. This followed, the allocation of NHIS funds of about GHC5 million for corporate social responsibility.
April 15, 2019
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