Chief Executive Officer of the National Health Insurance Authority (NHIA), Dr. Dacosta Aboagye, has dismissed claims suggesting that the NHIA is financially insolvent.
Dr. Aboagye emphasized the strong financial standing of the NHIA, pointing out that the authority disburses between GH₵180 million and GH₵250 million every month.
He asserted that such a substantial level of expenditure would not be feasible if the NHIA were truly bankrupt.
Speaking on the JoyNews’ AM show, he stated that, “It can never be bankrupt; a scheme paying between one-hundred-and-eighty and two-hundred-and-fifty million can never be bankrupt, but there is also the case that the Ministry of Finance should release the funds to the NHIS: once we have constant release, then we would not have problems, and it is sustainable.”
In response to host’s inquiry about how often the Finance Ministry releases funds for its operations, Dr. Dacosta Aboagye stated that… “I was conferred about some few weeks ago, but I think…… we are waiting for them to do the releases, but I think they will; the Minister has actually assured me that.”
Dr. Dacosta Aboagye, the CEO of NHIA, has reassured the public that the funding for the National Health Insurance Authority (NHIA) will remain stable despite Ghana’s engagement with the International Monetary Fund (IMF) and the upcoming election year.
Dr. Aboagye clarified that the NHIA’s resources are not dependent on the IMF’s financial support and that the NHIS is safeguarded under the IMF’s social protection programme.
“At the end of the day, you are paying, and I am paying, so all we know is that our father does have money, and our father should release the money. I think social protection is very important; we cannot put the vulnerable in distress, and I believe that the ministry of finances would do the needful by releasing the funds to us. I have no doubt, obviously to doubt. I do not have any doubt that they would obviously release the funds to us to make the payments.”