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Dr Edward Mahama NHIA accused of investing money of service providers in T-bills

In January this year, The Health Insurance Service Providers Association of Ghana (HISPAG), threatened to suspend services to patients across the country if the NHIA fails to pay their claims which is in arrears.

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Dr Edward Mahama making a point play

Dr Edward Mahama making a point

The 2016 flagbearer of the People’s National Convention, Dr Edward Mahama, has accused the National Health Insurance Authority (NHIA) of investing money meant for service providers in treasury bills.

“I have been reliably informed that some of the money have been put in account [into] Treasury bill [or] whatever to mature and provide money for some people”, Mr Mahama said on Joy TV’s current affairs programme Pulse.

But officials of the scheme have rejected Mahama’s claims, saying they only invested surplus money lying in its account.

Communications Manager of the NHIA, Selorm Adornu, said on the programme that Mahama’s comments exposes “Certain misunderstanding of the process because investment and the yields of our [NHIA] investment are a critical source of funding for the scheme.”

“The scheme is funded by a number of sources and if you have such a good investment management and your resources are yielding money, I don’t think anybody will say that they don’t like a lot of money”, he added.

In January this year, The Health Insurance Service Providers Association of Ghana (HISPAG), threatened to suspend services to patients across the country if the NHIA fails to pay their claims which is in arrears.

At that time, the Association said they were owed 600 million Ghana cedis in seven months' arrears.

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