General News of Tuesday, 16 April 2019Source: dailyguidenetwork.comNDC exposed over NHIA investmentCommunications Director of NDC, Sammy GyamfiThe National Democratic Congress (NDC) has been exposed over its claims that the New Patriotic Party (NPP) did not do due diligence before investing GHc17.5 million with All-Time Capital Investment. Documents from the NHIA available to DGN Online suggest that the Authority’s investment with All-Time Capital was initiated by the Mahama’s administration in July 2012. The suggestion therefore means that the NDC as a party cannot absolve itself from blame if indeed due diligence had not been done prior to the NHIA investing with All-Time Capital. In November 2015, DGN Online understands that an additional GHc1 million 182-day fixed deposit investment was made with the same investment company. Similarly, on July 26, 2014, NHIA rolled over the principal plus accrued interest, translating the investment to GHc7.6 million (GHc7,688,000) at an interest rate of 26.84%.

Source: GhanaWeb April 16, 2019 11:33 UTC