General News of Tuesday, 16 April 2019Source: kasapafmonline.comMahama authorized NHIA investment in All Time-Capital - ReportFormer President John Dramani MahamaSnippets of information emanating from the National Health Insurance Authority (NHIA) indicate that the Authority’s investment in the private financial company, All Time-Capital Limited, was initiated by the John Dramani Mahama-led administration in 2012. The investment management and advisory firm had on July 19, 2012, presented an investment management proposal to establish an investment management relationship with the NHIA. This trend continued with the rollover of principal plus accrued interest to date. The rollover of principal plus accrued interest increased the amount to GH¢6.2 million on July 26, 2013 at an interest rate of 24%. Similarly, on July 26, 2014, NHIA rolled over the principal plus accrued interest, translating the investment to GH¢7.6 million (GH¢7,688,000) at an interest rate of 26.84%.

Source: GhanaWeb April 16, 2019 14:37 UTC