{"id":608483,"date":"2019-04-18T08:03:32","date_gmt":"2019-04-18T08:03:32","guid":{"rendered":"
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General News of Thursday, 18 April 2019<\/p>\n

Source: <\/strong>citinewsroom.com<\/p>\n2019-04-18\n\n

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<\/p>\n

\n

General News of Thursday, 18 April 2019<\/p>\n

Source: <\/strong>citinewsroom.com<\/p>\n

2019-04-18<\/p>\n

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\"SYLVESTERSylvester Mensah, Former CEO of the National Health Insurance Authority (NHIA)<\/span><\/span><\/p>\n<\/div>\n

The former CEO of the National Health Insurance Authority (NHIA), Sylvester Mensah says he diligently managed the Authority during his time in office.<\/p>\n

His comment follows the NHIA\u2019s spirited defence for investing GHc17 million of its funds with a private company, All Time Investment.<\/p>\n

The NDC had accused the current leadership of the NHIA of investing the said amount without due diligence and risk assessment; a claim government has described as mischevious.<\/p>\n

But speaking on Eyewitness News on Wednesday, Mr. Mensah who admitted that he began the investment with the company said the current administration is taking for granted the proper assessment he did constantly to ensure that funds of the scheme were secured.<\/p>\n

\u201cBefore you invest you have to undertake risk assessment, you have to do due diligence to be sure that the target you want to place your funds in, is in good standing and that would have to done and done properly. You don\u2019t even have to secure these funds with these institutions when you have the slightest doubt\u2026because you don\u2019t want to lose the taxpayers money. It becomes your responsibility as chief executive if you place any funds anywhere. You have to make sure you don\u2019t lose those funds because it becomes your personal debt,\u201d he said.<\/p>\n

He explained that he went to the extent of securing the funds in such a way that in the event of any unforeseen circumstance, claims are still made on other investments of All Time Capital to safeguard the taxpayers\u2019 money.<\/p>\n

\u201cWe did due diligence, we even secured the funds\u2026in such a way that in the event of their inability to pay, we could quickly lay claim to other investments that they had,\u201d he said.<\/p>\n

The NDC had accused the NHIA of diverting the said amount to All Time Capital Investment without due diligence and risk assessment.<\/p>\n

But speaking in an interview on Eyewitness News, acting CEO of NHIA, Dr. Lydia Dsane-Selby said \u201cnothing went wrong\u201d with the investment and that \u201cthe press conference [by the NDC] was a bit of mischief.\u201d<\/p>\n

\u201cNothing has gone wrong. We have not fraudulently put money anywhere. This money was invested in 2012.\u201d<\/p>\n

\u201cLast year, we decided to take a comprehensive review of our various investments and we have since been trying to strategize our investments,\u201d she explained further.<\/p>\n

She said the NHIA is now \u201clooking to retrieve and reinvest\u201d the money adding that her outfit had written a letter to the investment firm to request the money as far back as February 5, 2019.<\/p>\n

All Time Capital Investment replied in March saying it needed more time to provide the money.<\/p>\n

\u201cAs at now, the NHIA\u2019s finance team remains in contact with the All Time Capital Investment,\u201d she added.<\/p>\n<\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

General News of Thursday, 18 April 2019 Source: citinewsroom.com 2019-04-18 Sylvester Mensah, Former CEO of the National Health Insurance Authority (NHIA) The former CEO of the National Health Insurance Authority (NHIA), Sylvester Mensah says he diligently managed the Authority during his time in office. His comment follows the NHIA\u2019s spirited defence for investing GHc17 million […]<\/p>\n","protected":false},"author":1,"featured_media":602483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-608483","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nI managed NHIA funds diligently \u2013 Sylvester Mensah - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/18\/i-managed-nhia-funds-diligently-sylvester-mensah\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"I managed NHIA funds diligently \u2013 Sylvester Mensah - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"General News of Thursday, 18 April 2019 Source: citinewsroom.com 2019-04-18 Sylvester Mensah, Former CEO of the National Health Insurance Authority (NHIA) The former CEO of the National Health Insurance Authority (NHIA), Sylvester Mensah says he diligently managed the Authority during his time in office. 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