'Even Nana Addo knows NHIS is collapsing' – NDC

The National Democratic Party [NDC] says the National Health Insurance Scheme (NHIS) is currently "gasping for liquidity breath" and on the verge of collapse under the Nana Addo-led government.

The party alleged that the collapse is due to debts government owes service providers across the country.

Speaking at the third edition of the party’s Moment of Truth Series, the National Communication Officer, Sammy Gyamfi said “Even the president knows this”.

According to the opposition party, the NHIS currently owes service providers in all sixteen regions claims covering a period of twelve months, a situation which has landed most health care facilities in distress.

“Akufo-Addo peddled blatant untruth when he claimed that the NHIS is ‘buoyant and has come back to life’ the truth of the matter is that, then NHIS, very known to the president, is in deplorable state and gasping for liquidity breath. Currently, the NHIS owes service providers in all the sixteen regions of Ghana claims covering a period of almost twelve months. This has landed most health care facilities in distress”

“Our health facilities are being crippled as result of the huge indebtedness of the NHIS to service providers”

The NDC also accused government of illegally transferring over GHC17 million of the scheme's funds into a private fund management company, All Time Capital Investment; a transaction that was done without due diligence and risk assessment.

"Ladies and gentlemen, we have already demonstrated to you enough evidence of the wanton misapplication of NHI Funds by the Akufo-Addo government, which is fast precipitating the demise of the scheme. But, perhaps even more egregious are certain scandals we have uncovered, which have conspired with the above to cripple the scheme.

"Our painstaking investigations have revealed that upon President Akufo-Addo assuming office, the National Health Insurance Authority without any due diligence and with indecent haste, transferred a whopping Seventeen Million, Five Hundred and Forty-Eight Thousand, Three-hundred and Seventy-seven Ghana Cedis, and twenty pesewas (GH¢17,548,377.20) in three tranches to a private financial house, All-Time Capital Limited, supposedly as investment....

".....it is this same financial company, All Time-Capital Limited which was involved in the round-tripping of liquidity support provided by the Bank of Ghana to Capital Bank that eventually culminated in the establishment of the collapsed Sovereign Bank. From the foregoing, there is no gainsaying the fact that, there is more to this transaction than meets the eye," the NDC alleged.