General News of Monday, 15 April 2019Source: kasapafmonline.comGHC17.5m NHIA cash locked up in All Time-Capital Limited – NDC revealsSammy Gyamfi, disclosed that NHIA managers are facing difficulties in retrieving the locked up fundsA whopping amount totaling GH?17,548,377.20 belonging to the National Health Insurance Authority (NHIA) has been locked up at All Time-Capital Limited. “Incontrovertible evidence to us indicates that despite repeated efforts by the scheme since November 2018 to retrieve the invested funds and accrued interest, All Time-Capital Limited has failed to pay back. In a recent twist which has angered some workers at the NHIA, All Time-Capital Limited informed the NHIA Chief Executive that it could only attempt some payments if the invested funds were allowed to run for an additional year”, said Sammy Gyamfi. The situation, according to the NDC Chief Spokesperson, is contributing to the worsening financial fortunes of the NHIS. All Time-Capital Limited, according to the NDC, was involved in the round-tripping of liquidity support provided by the Bank of Ghana that eventually culminated in the establishment of the collapsed Sovereign Bank.

Source: GhanaWeb April 15, 2019 15:56 UTC