My humble plea to all Ghanaians is to ask themselves "WHAT CAN I DO TO MAKE GHANA A BETTER COUNTRY and NOT WHAT GHANA CAN DO FOR ME". With this on our minds, we will strive to make mother Ghana great and strong.
General News of Tuesday, 16 April 2019 Source: dailyguidenetwork.com NDC exposed over NHIA investment « Prev Next » Comments (30) WhatsApp Facebook Twitter Google+ Email This Print This Communications Director of NDC, Sammy Gyamfi The 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. The NDC’s claim has turned out to be grossly inaccurate. 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. The documents indicate that on July 19, 2012, All-Time Capital sent a proposal to NHIA to invest in its product called All-Time Corporate Wealth Management - Fixed Income. It offered NHIA 24 percent interest per annum for GHc5 million. Two days after President Mahama assumed control of the presidency following the death of ex-President Professor John Evans Atta Mills, according to the documents, the first release of GHc5 million was placed on a one-year fixed deposit. The revelation is in clear contradiction to a statement made by the NDC at a press conference yesterday during which the party accused the NPP administration of transferring over GHc17.5 million to All-Time Capital Limited. In November 2015, DGN Online understands that an additional GHc1 million 182-day fixed deposit investment was made with the same investment company. The trend continued with the rollover of principal plus accrued interest to date. NHIA is currently in coma, gasping for liquidity breath - NDC Volume 90% The rollover of principal plus accrued interest increased the amount to GHc6.2 million on July 26, 2013 at an interest rate of 24%. 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%. The Health Insurance provider again rolled over principal plus accrued interest, making it GHc7.9 million (GHc7,939,722.60) at a rate of 26.84%, on March 11, 2015. On March 20, 2015, NHIA’s deposit dropped to GHc5.9 million (GHc5,915,203.21) with an interest rate of 26.84%. On April 1, 2015, it came down further to GHc4.9 million (GHc4,943,632.64) at an interest rate of 28.41%. However, on September 30, 2015, the figure increased to GHc5.6 million (GHc5,643,952.62) at a rate of 27.97%. The investment rose to GHc7.2 million (GHc7,222,566.17) on September 29, 2016 at an interest rate of 27.70%. At a press conference held in Accra on Monday, April 15, 2019, the NDC accused government of illegally transferring over GHc17 million of the National Health Insurance Authority’s funds into a private fund management company, All-Time Capital Investment. NDC’s National Communications Officer, Sammy Gyamfi who addressed the media noted that the transaction was done without due diligence and risk assessment. Support NHIA to confront cancer treatment - Ministry of Health to stakeholders Volume 90% According to him, incontrovertible evidence available to the party indicates that repeated efforts by the authority to retrieve the invested funds and accrued interest have failed. Mr. Gyamfi stated that the company informed the National Health Insurance Authority that it could only effect some payments if only the investment funds were allowed to be run for an additional year. Furthermore, he indicated that this situation is contributing to the worsening financial fortunes of the authority.
Sammy gamfi only talk and shout but he doesn't know nothing,sammy gamfi should stop propaganda and liars and face the fact bcos u are boy among all the gurus there so sammy try and learn
Sammy Gyamfi propaganda nd lies will end up your political career if you don't change your attitude bcos every day you contradict yourself be humble nd learn from the elders in politics
Infact kweku excuse me to say you are fool if we are talking about now you always go for past things we want our nation to move forward" when something gone wrong npp government then you say during so so and so era it happened the Same. Like npp like kweku baako Infact you are stomach journalist
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He is always great and wish him long live uncle kweku
My humble plea to all Ghanaians is to ask themselves "WHAT CAN I DO TO MAKE GHANA A BETTER COUNTRY and NOT WHAT GHANA CAN DO FOR ME". With this on our minds, we will strive to make mother Ghana great and strong.
Just à few minutes of Baako's cross examination has crumbled Sammy Gyamfi's 30 minute argument. Watch very well.
Ndc hate the truth ,why ....
Sammy is a big guy keep doing the good job
kweku baako is always talking of history Hon ken is waiting for him
This boy Sammy gyamfi doesn't know anything. Ndc push him to come and talk ,propaganda saaaa.
Sammy gyamfi wano y3 din kwa ndc is spoiling your future shame
General News of Tuesday, 16 April 2019
Source: dailyguidenetwork.com
NDC exposed over NHIA investment
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Communications Director of NDC, Sammy Gyamfi
The 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.
The NDC’s claim has turned out to be grossly inaccurate.
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.
The documents indicate that on July 19, 2012, All-Time Capital sent a proposal to NHIA to invest in its product called All-Time Corporate Wealth Management - Fixed Income.
It offered NHIA 24 percent interest per annum for GHc5 million.
Two days after President Mahama assumed control of the presidency following the death of ex-President Professor John Evans Atta Mills, according to the documents, the first release of GHc5 million was placed on a one-year fixed deposit.
The revelation is in clear contradiction to a statement made by the NDC at a press conference yesterday during which the party accused the NPP administration of transferring over GHc17.5 million to All-Time Capital Limited.
In November 2015, DGN Online understands that an additional GHc1 million 182-day fixed deposit investment was made with the same investment company.
The trend continued with the rollover of principal plus accrued interest to date.
NHIA is currently in coma, gasping for liquidity breath - NDC
Volume 90%
The rollover of principal plus accrued interest increased the amount to GHc6.2 million on July 26, 2013 at an interest rate of 24%.
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%.
The Health Insurance provider again rolled over principal plus accrued interest, making it GHc7.9 million (GHc7,939,722.60) at a rate of 26.84%, on March 11, 2015.
On March 20, 2015, NHIA’s deposit dropped to GHc5.9 million (GHc5,915,203.21) with an interest rate of 26.84%.
On April 1, 2015, it came down further to GHc4.9 million (GHc4,943,632.64) at an interest rate of 28.41%.
However, on September 30, 2015, the figure increased to GHc5.6 million (GHc5,643,952.62) at a rate of 27.97%.
The investment rose to GHc7.2 million (GHc7,222,566.17) on September 29, 2016 at an interest rate of 27.70%.
At a press conference held in Accra on Monday, April 15, 2019, the NDC accused government of illegally transferring over GHc17 million of the National Health Insurance Authority’s funds into a private fund management company, All-Time Capital Investment.
NDC’s National Communications Officer, Sammy Gyamfi who addressed the media noted that the transaction was done without due diligence and risk assessment.
Support NHIA to confront cancer treatment - Ministry of Health to stakeholders
Volume 90%
According to him, incontrovertible evidence available to the party indicates that repeated efforts by the authority to retrieve the invested funds and accrued interest have failed.
Mr. Gyamfi stated that the company informed the National Health Insurance Authority that it could only effect some payments if only the investment funds were allowed to be run for an additional year.
Furthermore, he indicated that this situation is contributing to the worsening financial fortunes of the authority.
Why do you always bring this perpetual liar into your studio.
Sammy gamfi only talk and shout but he doesn't know nothing,sammy gamfi should stop propaganda and liars and face the fact bcos u are boy among all the gurus there so sammy try and learn
Sammy Gyamfi propaganda nd lies will end up your political career if you don't change your attitude bcos every day you contradict yourself be humble nd learn from the elders in politics
Infact kweku excuse me to say you are fool if we are talking about now you always go for past things we want our nation to move forward" when something gone wrong npp government then you say during so so and so era it happened the Same. Like npp like kweku baako Infact you are stomach journalist
So if you comment without saying fool will u die
All what NDC people no about is insulting nothing else go insult ur father and mother first
You are the biggest fool
Smart guy sammy
Just à few minutes of Baako's cross examination has crumbled Sammy Gyamfi's 30 minute argument. Watch very well.