GETFund, NHIL Lexy Still 2.5%

Mr Ken Ofori-Atta, Minister of Finance has stated that the levies for the Health Insurance Fund and the GETFund  will continue to be 2.5 percent.

The Finance Minister said this on Thursday morning during his presentation of the mid-year budget review at the Chamber of the Parliament House.

He indicated that government is set to separate the Health Insurance Fund and the GETFund Levy component from the Value Added Tax (VAT).

“This will enable Government isolate and increase the budget for health and education,” he stated.

“Both the Health Insurance Fund and the GETFund levies will continue to be 2.5 percent each, while the applicable VAT rate is 12.5 percent,” he added.

There had been earlier reports of a possible collapse of the National Health Insurance due to lack of funds.

The Head of the National Health Insurance Scheme, Dr Samuel Annor who had made this known appealed to government to accept an increment in the levy.

This initiative according to the Finance Minister will restore hope back into the scheme for future betterment.