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‘The current exchange rate regime is creating huge losses to pharmaceutical distributors. The situation has impaired the ability of the industry to service loans and overdrafts procured from the banks, to bridge the funding gap in order to sustain supplies to the health institutions,’ it said.
The statement pointed out that the situation has created shortage of stocks of essential medicines within the industry.
It also warned of an imminent shortage of essential medicines within the health sector if funds are not released.
The statement called on government to direct the Ministry of Finance and Economic Planning to ensure the immediate release of finds to the NHIA, adding that Section 52 of Act 852 of the National Health Insurance Levy (NHIL) requires the Ministry to cause all collections for National Health Insurance Fund (NHIF) to be paid within 30 days.
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