Internal Control Practices in National Health Insurance Scheme in the Tema Municipality

Abstract

Organizations today are faced with greater challenges and complications than ever before, as economical, technological and legal interdependence become more common and pronounced. Due to these developments, risks may go unidentified for too long and early warning indicators ignored. It is therefore assumed that every business organization has put in place internal control systems in order for the organization to continue running. In light of this, this research is undertaken to find out more about internal control practices in the Tema Mutual Health Insurance Programme. Questionnaires were used to collect primary information from key informants in Tema Mutual Health Insurance Scheme, Ghana Health Service Staff. At the end of this study, significant findings in the company revealed that internal control systems exist in the Mutual Health Insurance Scheme and that these control systems are very important, effective and therefore provide adequate checks and balances in mutual insurance scheme. The study also revealed that the National Health Insurance Authority has developed internal control models that analyse and calculate its risks of operations. It is also acknowledged in the organization that internal control ensures effective operations, high quality internal and external reporting, together with compliance with related laws, regulations and internal guide.

Keywords: Internal Control, Health Insurance Scheme