He said the fund constituted only 7 percent of the bank's business.
A spokesman said that it was unclear whether Dr. Waksal violated the rule because it is not legally certain whether redeeming his shares from the fund constituted buying them.
However, vertical funds channeled outside of the MOH to NGOs and other agencies quadrupled from $75 million to an estimated $300 million, accounting for over 58% of all health sector spending by 2008, while the common fund constituted about 15% and the general state budget contributed 27% [ 15, 16].
The constitutional question, then, is whether depriving a group of public funds constitutes a "punishment".
Allocating these funds constitutes a very real investment in the future of the developing world.
He argued that political campaign funding constitutes its own primary election, resulting in the average American's statistically nonexistent impact on public policy.
No doubt, the fact that only US$13.3 million, according to Correa, was donated to the two trust funds constitutes a pathetic and in some ways scandalous international response.
Dr Kolawole Maxwell said the battle against the mosquito-borne disease had also helped strengthen the public health system in one of the countries worst hit by malaria, but a potential fall in funding constitutes a serious risk, particularly as lower oil prices hit government revenues.
The management of financial portfolios or funds constitutes a widely known problematic in financial markets which normally requires a rigorous analysis in order to select the most profitable assets.
In Ghana, donor funding constitutes about 35% of the total health budget [ 16, 17].
External funding constitutes less than 1% of the National Department of Health (NDOH) budget [ 25- 27].
